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The Canadian dollar was able to touch the official target of the current downside wave, which is located at the price of 1.2000, to reach the lowest, during the trading of the previous session 1.2000. From the technical point of view, the Canadian dollar rebounded, as a result of building …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the first bullish target published in the previous analysis, at 1916, recording its highest level at 1916, to return again and hit the resistance level represented by our target, which forced it to trade negatively towards the retest of 1890. On the technical side today, …

The movements of the euro against the US dollar witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published during the previous analysis 1.2245, which we explained as one of the conditions …

The New York Stock Exchange (NYSE) finished Tuesday’s trading session on a mixed note, failing to maintain its earlier gains that came on the back of positive expectations in Wall Street due to the release of positive economic data. Positive reading of the ISM manufacturing sector’s PMI helped technology stocks …

Oil futures registered gains on Tuesday, with markets positively reacting to the Organization of the Petroleum Exporting Countries’ (OPEC) and its OPEC+ allies deciding to commit to the current easing cycle of output cuts that was agreed in response to the Coronavirus crisis. Brent crude futures for August delivery gained …

The labor market in the United States might be showing some positive signs as the economy recovers from the coronavirus pandemic, but it remains to be challenged by some problems some of which might be unnoticed. A paper by the Federal Reserve Bank of San Francisco showed on Tuesday that …

Gold prices registered small losses on Tuesday, maintaining the $1,900 level, as the U.S. Dollar (USD) declined across the board. The yellow metal futures for August delivery closed lower by 30 cents, or 0.02%, at $1,905 per ounce. A rise in U.S. Treasury bond yields impacted gold’s trading today, following …

The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that there is progress towards achieving the central bank’s maximum employment and 2% inflation targets. However, Brainard pointed to the challenge of not tightening monetary policy sooner than needed. “We are seeing welcome progress, and I expect to see …