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Microsoft’s stock, the American software giant, continues its upward trajectory following the release of earnings reports that revealed profits and revenues exceeding market expectations, with faster growth than anticipated. The reports highlighted a remarkable 27% increase in the company’s net income during the third quarter of this year. Furthermore, there …

Gold prices rose on Wednesday as US Treasury yields fell. Still, gains were reduced after signs of a cooling in safe-haven demand appeared after the United States and Russia led international calls to stop the fighting between Israel and the Palestinian Islamic Resistance Movement (Hamas). Gold rose in spot transactions …

Oil prices were nearly flat at the start of trading on Wednesday, as signs of shrinking US supplies were counterbalanced by economic data that weakened expectations for energy demand. Brent crude futures rose two cents to $88.09 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell …

Oil, Crude, trading

Oil, Crude, trading

Positive trading regained control of the Canadian dollar’s movements yesterday after consolidating above the strong resistance at 1.3715, recording its highest level at 1.3754. On the technical side today, we are leaning towards positivity in our trading, relying on the regularity of work within the ascending price channel shown on …

Financial markets and economists anticipate that the central bank will maintain the Official Overnight Rate (OOR) at 5.0% for the second consecutive meeting. This expectation is strongly reflected in market pricing, with an 85% probability favoring another pause. Remarkably, market projections extend until late 2024, indicating a prevailing belief in …

japanese-yen

Oil, Crude, trading

As we expected during the previous technical report, US crude oil futures prices incurred significant losses within a negative outlook, touching the aforementioned downward correction targets at 83.70, recording its lowest level at $83.00 per barrel. Technically, the negative intersection of the simple moving averages, which continues to exert negative …