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The Canadian dollar was able to trade positive, but still, limited positivity, touching the target of the first retest published during the previous analysis at the price of 1.2120, recording its highest level 1.2120. Technically, we still believe that there is a possibility to complete the bullish corrective tendency, relying …

Oil, Crude, trading

Oil, Crude, trading

Gold prices achieved the target of the bearish corrective tendency we mentioned in the previous analysis at 1815 posting a low of 1817. On the technical side, today we are in front of a technical conflict between the clear negative features on the stochastic indicator, which supports the continuation of …

Negative trading dominated the movements of the euro against the US dollar within the bearish corrective tendency mentioned in the previous analysis, targeting 1.2085 to record the lowest level at 1.2120. Technically, and with a closer look at the 60-minute chart, we find the euro is still stable below the …

The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, as investors seek safe haven assets due to concerns about a rise in inflation rates. The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% at 90.17. The …

Oil prices rose on Tuesday, amid disruptions due to the cyber attack on the Colonial Pipeline in the United States, which plays a huge role in the distribution of gasoline across the U.S. Crude prices fluctuated during the second session of the week, before settling with limited gains. Brent crude …

The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday that the U.S. economy needs more time to recover before reducing the current pace of asset purchases. “I don’t want to change a whole lot until we’re clear of this ditch we’ve dug ourselves into with …

The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that the U.S. economy is recovering but remains challenged by uncertainty, reiterating the need for patience in monetary policy. “The outlook is bright, but risks remain, and we are far from our goals.”“Basing monetary policy on outcomes rather than …

Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States. The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce. The decline comes after gold’s most active contract rose on Monday to its highest …