The dollar hit a 15-maonth high against the yen and hovered near a multi-month peak against other major peer currencies on Thursday, July 1, ahead of a major US jobs report that could provide clues as to when the Fed will begin to scale back stimulus. The US currency rose …

Oil prices rose on Thursday, July 1, buoyed by falling US inventories, as investors awaited a decision from major producers on whether to maintain or ease supply cuts in the second half of the year. Brent crude for September delivery gained 15 cents, or 0.2%, to $74.77 a barrel, while …

Japanese stocks closed lower Thursday, July 1, as they were pressured by concerns that a rise in COVID-19 infections could extend restrictions and slow economic recovery. The Nikkei index fell 0.29% to 28,707.04 points, while the broader Topix index fell 0.22% to 1939.21 points. Japan is likely to extend coronavirus …

Positive trading continues to dominate the German DAX index, recording its highest level at 15,694. On the technical side, we tend to the positivity in our trading, relying on the stability of trading above the 15,445 support floor, accompanied by the positive motive coming from the 50-day moving average, coinciding …

Oil, Crude, trading

The Pound against the Japanese Yen found a good support level around 153.00, to witness the stability of the current movement above the mentioned level. On the technical side today, and by looking at the short intervals, we find stochastic trying to provide positive crossover signals accompanied by the stability …

The technical outlook is the same, and the pair’s movements did not change significantly, maintaining the bullish corrective slope as we expected, so that the Canadian could breach the resistance level published during the previous analysis, located at 1.2330. From the angle of technical analysis today, and with careful consideration …

Oil, Crude, trading

Oil, Crude, trading

Gold prices found a good support level around 1753, which forced the price to rebound to the upside, to find gold prices hovering around its highest level during the Asian session 1776. Technically, and carefully looking at the 4-hour chart, we found a conflict between the negativity of the stochastic …