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The Canadian dollar returned to achieving gains after it ended the bearish slope and succeeded in building on the strong support floor of 1.3630, explaining that the price’s consolidation above 1.3630 completely invalidates the activation of the bearish scenario. The pair recovers, waiting for 1.3670 and 1.3700, respectively, to record …

Oil, Crude, trading

Negative movements dominated the prices of US crude oil futures contracts, after colliding with the resistance level of 80.90, in addition to the failure of oil to maintain positive stability above the broken support of 79.50. Technically, we tend to be negative in our trading, relying on breaking the support …

The yellow metal gave up its recent gains as a result of the rise of its American rival after Jerome Powell, Chairman of the Federal Reserve, testified yesterday before the Senate in the semi-annual testimony, to lead gold to resume the bearish corrective path after it succeeded in breaking 1838, …

The EURUSD pair declined significantly yesterday, affected by the positivity of the US dollar, after Jerome Powell’s testimony before Congress, nullifying the expected bullish path. As a reminder, we indicated that closing an hourly candlestick below 1.0640 leads the euro-dollar pair to the bearish path again, with targets starting at …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession. At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession.At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index (XAU/USD) …

According to Fed Chair Jerome Powell, the Fed is ready to take more drastic action if the “totality” of incoming data shows that more stringent policies are needed to manage inflation. In response to recent good statistics, the Federal Reserve will probably need to increase interest rates more than expected.“The …

With Powell’s hawkish stance, the USD/CAD pair rises beyond the 1.3755 mark and is now approaching 1.3800 after trading at 4-month highs. The pair is trading at 1.3759 at the time of writing versus the previous closing at 1.3611 on Monday. On the strength of Jerome Powell’s remarks, the USD/CAD …

GBP/USD dropped more than 150 pips and fell from 1.2000 to 1.1840s. Hawkish comments by the US Fed Chair Jerome Powell at the Senate keeps investors assessing a 50 bps hike in March.The pair is now retreating over 100 pips as Powell testifies at the US Senate on Tuesday. The …