Positive trading dominated the Canadian yesterday, targeting a re-test of 1.3220 resistance, posting a high of 1.3225. Technically, and looking at the chart, we see that there are some negative signs on the stochastic, in conjunction with the RSI indicator losing its bullish momentum over the short time periods. From …
Read More »British Pound Needs Careful Consideration
The pound tilted negatively against the US dollar, to record its lowest level near the psychological barrier of 1.3000. From a technical point of view, looking at the 4-hour chart, we find the stochastic began to provide signs of a positive crossover with the stability trading above 1.3000 support. On …
Read More »Oil: Facing Negative Pressure
Oil, Crude, trading
Read More »Gold Trying to Rise And Wait For a Confirmation
Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …
Read More »Euro Looking For New Signals
The Euro started the current session with a slight bullish bias, as part of attempts to establish a support floor near the psychological barrier of 1.1800. Technically, looking at the 240-minute chart, we find that the 50-day moving average has returned to hold the price, with stability above the mentioned …
Read More »NYSE Closes in Red off Session Lows
The New York Stock Exchange (NYSE) declined on Monday, opening the week with a negative performance despite recovering from some of its earlier losses in the day, amid concerns about the increased number of new COVID-19 cases. The Dow Jones Industrial Average closed lower by 650.19 points, or 2.3%, at …
Read More »US Treasury Yields Decline As Demand Soars
Treasury yields in the United States declined on Monday as demand for safe havens increased amid a surge in new COVID-19 cases. Return on the 10-year Treasury bonds decreased by 2.5 basis points to 0.816%. As for the 30-year bond yield, it declined by 3.7 basis points to 1.609%. Meanwhile, …
Read More »USD Rises as Demand for Safe Havens Increases
The US Dollar rose on Monday amid an increased demand for safe havens, which is due to a surge in new COVID-19 cases. In addition, stalling talks for a new stimulus package in the United States further advanced demand, which helped the USD maintains its rising trend that started at …
Read More »Oil Finishes at Three-Week Low
Oil prices declined on Monday, finishing the first session of the week at its lowest level in about three weeks. A surge in new COVID-19 cases is raising concerns about demand and economic recovery, especially in the United States and Europe. Brent crude futures for December delivery lost $1.31, or …
Read More »Gold Closes Marginally Higher as USD Rises
Gold prices rose on Monday for the fifth time in six sessions, supported by increased demand for safe havens, amid a surge in new COVID-19 cases. The rise in the yellow metal prices came despite the US Dollar (USD) rising across the board. Gold futures for December delivery closed marginally …
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