Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.

Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …

Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite Gold prices rose Tuesday, December 7th, supported by the dollar’s decline, but rising US Treasury yields and fears that the US Federal Reserve would tighten monetary policy more than …

The federal statistics agency Destatis released preliminary data, on Monday, showing German consumer prices had hit a 29-year high in November, as soaring energy costs and supply chain bottlenecks weigh on Europe’s top economy. Data showed that German industrial output rose more than expected in October, even as supply bottlenecks …

Japan’s Nikkei index posted its biggest gain in more than a month on Tuesday, as concerns about the impact of the mutated Omicron strain of the coronavirus eased, encouraging investors to buy stocks such as SoftBank Group and travel-related shares. The Nikkei average rose 1.89% to 28,455.60 points, its biggest …

Oil prices rose on Tuesday after rising 5 percent in the previous session as concerns eased about the impact of the mutated Omicron strain of the Coronavirus on global fuel demand, while nuclear talks with Iran faltered, delaying the return of Iranian crude supplies to the market. Brent crude futures …

Positive trading returned to control the movements of GBP/JPY, canceling the expected negative outlook during the previous analysis after it succeeded in breaching the resistance level of 150.70. Technically, we tend to the positivity, relying on the clear positive signs on stochastic and the stability of the RSI above the …

The Canadian dollar found a strong resistance level of around 1.2840, which forced it to trade negatively again, and hovers around retesting the strong support level at 1.2730. Technically, and carefully considering the 4-hour chart, we find the pair hovers around 1.2730, represented by the 23.60% Fibonacci correction, and the …

Oil, Crude, trading

Oil, Crude, trading