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The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the positive stability within the context of an upward correction. Technically speaking, we find the price is stable above the previously breached resistance level, which has now converted to the support level of 1.2660, and we …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the official target station of the current wave of decline at 1765, recording its lowest price during the early trading of the current session at 1760. Technically speaking, with gold continuing to get negative pressure from the simple moving averages, coinciding with the negative signs …

The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …

The main indices of the New York Stock Exchange (NYSE) closed lower on Thursday, amid a mixed performance by the Treasury bond yields that remained at high levels. In addition, negative economic data led to a negative sentiment regarding the pace of economic recovery from the impacts of the Coronavirus …

The U.S. Dollar (USD) declined on Thursday, after rising for two consecutive sessions, on the back of negative economic data. The Dollar Index (DXY), which measures the performance of the greenback against a basket of six major international currencies, is down by 0.42% to 90.57. The index has been moving …

Treasury yields in the United States showed a mixed performance on Thursday after mixed data reduced expectations of a rise in inflation. Return on the 10-year Treasury bond declined by 1.1 basis points to 1.286%. Earlier today, the benchmark Treasury bond yield exceeded 1.3% and reached an intraday high of …

Oil prices declined on Thursday, amid expectations that the OPEC+ alliance could raise production in March after the recent surges in crude prices. Crude prices recently not only recovered all of their losses since the beginning of the pandemic but reached their highest level since the beginning of 2020. It …

Gold prices rose on Thursday, registering its first rise after four consecutive declines, including the formation of a death cross on Wednesday. Recovering some its weekly losses, gold futures for April delivery rose by $2.20, or 0.1%, to close at the level of $1,775 per ounce. Yesterday, the most active …