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The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices started their first weekly trading on a slight upward bias, benefiting from building on the ground of the support 1851, which is near its highest level during the early trading of the current session around 1861. On the technical side, today the 50 day moving average …

Narrow range sideways trades dominate the movements of the euro against the US dollar, capped from the bottom above the minor support level of 1.2100 and from the top below the resistance level at 1.2170. Technically, and with a closer look at the 240-minute chart, we find the pair is …

The last week of January witnessed the first policy meeting for the United States Federal Reserve in 2021, one week following that of the European Central Bank (ECB). The Federal Open Market Committee (FOMC) decided to maintain interest rates and the pace of the asset-purchase program both unchanged following a …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he expects enthusiastic debates inside the United States Federal Reserve about the time when they will begin reducing the current pace of monetary easing policies. Kaplan did not offer his assumption on when could that …

Oil prices rose on, extending their monthly gains in the first month of the year, on the back of hopes for a recovery in the global demand for crude and amid some global supply disruptions. Brent crude futures for March delivery gained 35 cents, or 0.6%, to close at $55.88 …

Gold prices rose on Friday, limiting their monthly losses during January, amid a fluctuating performance by the U.S. Dollar (USD) and concerns about the rollout of Coronavirus vaccines. This marked the first gains for the yellow metal most active contracts in seven sessions, after six consecutive declines. Gold futures for …

The number of active oil and natural gas rigs increased this week for the tenth consecutive week, according to the weekly report by Baker Hughes. This marked the biggest number of increases in a row for the rig count since June 2018. In addition, January marked the sixth consecutive monthly …