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Negative trading dominated the Canadian dollar’s ​​movements yesterday within the expected bearish context, touching the first target to be achieved during the previous session at 1.2560, recording its lowest price of 1.2560. Technically speaking, and with a closer look at the 60-minute chart, we find that Stochastic started to provide …

Oil, Crude, trading

Oil, Crude, trading

We remained neutral in the previous analysis due to the conflict of technical signals, indicating that the confirmation of the bullish trend needs gold to witness a clear breach of the resistance level of 1816, to find that the price collided with the aforementioned resistance level, trading negatively again, recording …

The single European currency continues to try to rise against the US dollar, recording its highest level during the previous session at 1.1280. Technically speaking, we see the Euro found it difficult to confirm the breach of the 1.2175 resistance level represented by the 23.60% Fibonacci correction as shown on …

The Bank of Canada (BoC) has decided on Tuesday to reduce the frequency of its Provincial Bond Purchase Program (PBPP) from two auctions per week to one. The move is consistent with the gradual reduction approach of programs that were introduced to help the Canadian economy cope with the impact …

Bitcoin continued to decline on Tuesday, amid concerns that the digital currency has become overpriced following recent surges that were supported by increased institutional demand. In addition, recent remarks by billionaire Elon Musk suggested that the price of both Bitcoin and Ethereum does seem high increased selling pressure on the …

The New York Stock Exchange (NYSE) closed mostly higher on Tuesday, showing a positive performance that was supported by economic data and remarks by the Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average finished marginally higher by 15.66 points, or 0.05%, at 31,537.35 points, after falling by 1.2% …

The United States Treasury yields showed a mixed performance on Tuesday, following the testimony of the Federal Reserve Chairman Jerome Powell to the Senate. Return on the 10-year Treasury bond declined by 0.7 basis point to 1.363%, giving up its earlier gains as it reached 1.39%. The 30-year bond yield …

Oil prices showed a mixed performance on Tuesday, as the market is anticipating the decision of the OPEC+ alliance regarding output policy next month. Brent continued to rise, reaching its highest level in 13 months, while the U.S. benchmark most active contracts gave up earlier gains and closed lower with …