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The Canadian dollar failed to settle for a long time above the strong resistance level at 1.3380, which formed negative pressure, forcing the pair to trade negatively again, settling around its lowest level at around 1.3330. Technically, and with a closer look at the 4-hour chart, the simple moving averages …

Oil, Crude, trading

Positive movements dominated the prices of US crude oil futures contracts at the beginning of this week’s trading after it managed to build on the support of 78.30, to start its movements within an upward rebound, recording its highest level at 80.57. Technically, we find a bullish technical formation that …

The prices of the yellow metal declined significantly as part of the negative outlook expected during the analysis issued last Friday, heading to touch the second target expected to be achieved at the price of 1854, recording its lowest level at $1850 per ounce. Technically, and by looking at the …

The single European currency started its daily trading on an upward rebound, taking advantage of the support floor posted last Friday at 1.0655, which forced the price to form an upward bias. As a result, the pair now hovers around its highest level during the early trading of the current …

US-Sino tensions appear to relatively weigh on the market sentiment with the beginning of the trading week. The US dollar is making the most out of it. However, a better market sentiment during European trading hours pushed the dollar into the red territory.Economic DataThe absence of economic data, on Monday, …

On Monday, with the beginning of the new trading week, the GBP/USD pair edges higher after posting the biggest daily jump in a month. Optimism surrounding an end to the UK’s labour strike is leaving a positive fingerprint on the Sterling in addition to the US dollar’s pullback which contributes …

Gold price is still pressured around the lowest levels in five weeks. Markets preparations for United States Consumer Price Index for January weigh on the Gold Index amid apparently hawkish remarks by Fed policymakers and gtold price naturally reacts to this hawkish language. Gold price is able to resists and …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the most important developments in the financial markets during the past trading week, and shed light, in an interview on Dubai TV, on the expectations of US inflation data, …

The EUR/USD has run up high in a short squeeze as traders look ahead to US CPI for clues concerning the future path of the US economy. The EUR/USD has been testing a critical high in the midday session on Wall Street following what had been a positive start for …