The Canadian dollar managed to retest the support level 1.2760, to start its daily trading positively again. Technically, we find the pair maintains positive stability above the support floor of 1.2760 supported by the stochastic obtaining signs of a positive crossover, coinciding with the current attempts of the RSI to …

Oil, Crude, trading

Oil, Crude, trading

Gold prices continue to gradually crawl to the downside within the expected bearish path, in which we relied on confirming the breach of the 1851 level, approaching our third awaited target of 1817, to record its lowest price during early trading for the current session 1822. On the technical side, …

The euro continues its bearish path against the US dollar, continuing its negative crawl towards the second official leg of 1.2000. On the technical side today, and with a closer look at the 240-minute chart, we find that the moving average continues to support the bearish curve of prices, and …

The dollar rose to a two-month high against the euro on Tuesday as markets believed the United States’ recovery from the coronavirus pandemic would likely be faster than Europe. This view was reinforced by moves in Washington towards more stimulus spending, in contrast to European closures and expectations of a …

Employment in the US’ private sector increased by 174,000 in January, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading beat the market expectation of 49,000 by a wide margin. Furthermore, December’s reading got revised up to -78,000 from -123,000.

Inflation in the Eurozone rose well above expectations last month, driven by rising energy costs and a tax increase in Germany, to pose a potential challenge to the European Central Bank. Inflation has been below the European Central’s target of nearly 2% for most of the past 10 years. The …

Amazon announced Tuesday that Jeff Bezos, the CEO, will step down later this year, turning the helm over to Andy Gacy, the company’s cloud chief executive. Bezos will move to take over the position of CEO of the Amazon Board of Directors. Bezos founded Amazon in 1994 and has since …

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 0.9% in the first month of 2021, above expectations of 0.5% and -0.3% previous. The core figures came in at 1.4% in January when compared to 0.9% expected and 0.2% recorded in December.