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Oil, Crude, trading

US crude oil futures prices achieved the bearish correction targets published during the previous technical report at 90.45, recording its lowest level at $90.40 per barrel. Technically, oil prices are pressing on the strong support floor 90.40, accompanied by continued negative pressure from the 50-day simple moving average and signs …

Gold prices suffered heavy losses during last Friday’s trading within the negative outlook expected during the previous technical report, touching the first target of 1853 and approaching, within a few points, of the second target of 1844, recording its lowest level at $1846 per ounce. Technically, by looking at the …

Limited positive attempts dominated the movements of the Euro/Dollar pair at the end of last week’s trading, with several consecutive sessions of decline. As we explained during the previous technical report, the price’s consolidation above the psychological barrier resistance of 1.0600 is a condition for an upward correction. Technically, the …

In the United States, inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 3.5% on an annual basis in August, up from 3.4% (revised from 3.3%) in July, according to the US Bureau of Economic Analysis on Friday. This reading was consistent with …

The GBP/USD rose early in the US session but fell as the market was broadly pulled back towards the US dollar. The UK faces high recession risk, with Pound Sterling bids capped. The GBP/USD sank just south of the 1.2200 handle, struggling under a bearish trend. The Bank of England …

The decline in crude oil prices on Friday has sent the Canadian dollar back to recent lows. Market forecasts for the Canadian GDP missed, and economic growth is seen as flat. As the Canadian dollar declines and the US dollar rises, the USD/CANADIAN DOLLAR crosses a new weekly high.On Friday, …

The US Dollar is attempting to maintain its winning streak since the summer, with the index set to print its 11th consecutive weekly gain. However, headwinds are building up, including the ongoing UAW strike, the US government shutdown, and GDP miss. The US Dollar Index is standing at 106.130 at …

The cost of living in the US is increasing. Last month’s overall inflation was heated up by higher gasoline prices, but the Fed received some good news: its preferred inflation indicator dropped to its lowest level in two years. For the 12 months ending in August, the core Personal Consumption …

Gold prices rose on Friday as the rise of the dollar and US Treasury bond yields halted, but it is on track to record a monthly and quarterly decline under pressure from growing expectations that the US Central Bank will keep interest rates high for a longer period. Spot gold …