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The Canadian dollar incurred noticeable losses within the expected downside path, touching the first official leg targeted during the last analysis, at a price of 1.2460, recording its lowest level at 1.2455. Technically speaking, and with a closer look at the 4-hour interval, and with the continued negative pressure coming …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades dominated gold’s movements last Friday within a bullish context, after it found a strong support level around the psychological barrier 1700, to rebound to the upside to re-test the 1732 resistance level. Technically speaking, and with a closer look at the chart, we find the 50-day moving average …

Various moves tended to be positive that dominated the euro’s movements against the US dollar at the end of last week’s trading within the scenario of re-testing the support published during the previous analysis, approaching a few points difference at the desired target of 1.2000, recording a high of 1.1990. …

Weekly Recap: 8-12 March The second week of March saw the official ratification of a huge stimulus package in the United States called the “American Rescue Plan” that was signed by President Joe Biden after being passed by Congress. The $1.9 trillion relief plan will raise direct monthly payments to …

Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields. Brent crude futures declined by   44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week. Meanwhile, the West Texas Intermediate (WTI) …

Gold prices declined on Friday, after rising for three consecutive sessions, as the U.S. Dollar (USD) Treasury bond yields rose again. The yellow metal futures for April delivery finished lower by $2.80, or 0.2%, at $1,719.80 per ounce. For the week, gold’s most active contracts rose by nearly 1.3%. The …

Retail sales in Brazil declined in January, for the third consecutive month, by 0.2%, data showed on Friday. The decline follows a 6.2% drop in retail sales in December, which was the second biggest on record, according to Reuters. Declining retail sales were attributed to a weaker performance by the …

European stocks declined on Friday, as Treasury bond yields resumed their upward trend, limiting their weekly gains that were boosted by yields declining and reflation fears easing. The STOXX Europe 600 index finished the last session of the week down by 0.26%, after three consecutive daily rises, narrowing its weekly …