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The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the positive stability above the support level published in the previous analysis at 1.2580. Technically speaking, and by looking at the 60-minute chart, we find that the RSI started sending positive signals, accompanied by the pair’s …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis, explaining that we are waiting for confirmation of the breach of the 1790 level to activate the selling positions with an initial target of 1782 so that gold will succeed in touching the awaited target, recording its lowest level at 1782. …

Quiet sideways trading tends to be positive, which dominated the euro against the US dollar, within a gradual upward bias that aimed to retest the strong resistance level at 1.1770. Technically, the current movements of the euro are witnessing stability below 1.1770/1.1780, and with careful consideration of the chart, we …

Markets are eagerly anticipating the Chairman of the United States Federal Reserve, Jerome Powell, Friday’s speech at the Jackson Hole Economic Policy Symposium. The event, sponsored by the Federal Reserve Bank of Kansas City, has been limited to a virtual online setting, instead of having it in-person at the resort …

U.S. natural gas inventories are expected to have increased by about 41 billion cubic feet, according to estimates Dow Jones. The working supply data are due on Thursday by Energy Information Administration reported (EIA). Last week, EIA reported an increase of about 46 billion cubic feet for the week ending …

Argentinian football player Lionel Messi, who recently completed a move to Paris Saint Germain, is partially paid in cryptocurrency, according to media reports. The French capital club has agreed a two-year deal with the former captain of FC Barcelona with an annual salary of $41 million, a sum that could …

The main indices of the New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street continued with its rally as S&P 500 and Nasdaq closing at new record highs, while Dow Jones rose for the fourth consecutive session. Positive earnings reports for the second quarter of the year …

Oil prices closed higher on Wednesday, maintaining a rising trend for the third consecutive session, supported by the drop in American crude inventories last week, despite it being below market expectations. The United States Energy Information Administration (EIA) reported that crude inventories decreased by three million barrels in the week …