Oil, Crude, trading

The Pound Sterling maintains the bullish bias against the Japanese Yen, gradually approaching the required target of 153.70, recording a high of 153.48. On the technical side, and by looking at the 60-minute chart, we find the 50-day moving average that supports the bullish curve, and this comes in conjunction …

During the last trading session, the Canadian dollar rose, touching the official target station in the previous analysis, located at 1.2520, to record its highest level at 1.2515. Technically, the current moves are witnessing a bearish slope due to the collision with the resistance level of the psychological barrier 1.2500. …

Oil, Crude, trading

Oil, Crude, trading

Gold traded in a tight range above the 1797 support and below the 1816 resistance over the past sessions. On the daily technical side, gold prices are witnessing stability above 1797, 50.0% Fibonacci correction, which represents the key to protecting the bullish bias and the positive motive for the 50-day …

The technical outlook is unchanged, and the EUR has not changed much within a sideways bullish trend. However, technically, and with careful consideration of the 4-hour chart, we find a conflict between the positive motive coming from the 50-day moving average, which is trying to push the price to the …

Major stock indexes opened mixed on Monday as investors seem to be choosing to stay on the sidelines ahead of this week’s macroeconomic data releases. At the time of writing, the S&P 500 touched a record 4,372 posting modest losses to 4,360. The Dow Jones Industrial Average fell 0.4% to …

Research has found that trading volumes on major cryptocurrency platforms fell by more than 40% in June amid regulatory restrictions in China and a lack of volatility was one of the factors affecting the activity. Data from London-based research firm CryptoCompare showed that spot transaction volumes fell 42.7% to $2.7 …

Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …