The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains again, touching the first official target to be achieved at 31,070, recording its highest price of 31,163 during early trading for the current session. On the technical side today, by looking at the chart, we see the …

The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish tendency, as a result of a collision with the resistance level 142.30 represented by the second target of the previous analysis. On the technical side, we are biased to the negativity relying on the …

The Canadian dollar declined significantly within the bearish trend, as we expected, pointing out during the previous analysis that a break of 1.2680 will extend the pair’s losses, targeting 1.2620, a next official station, for the pair to record its lowest price at 1.2605. Technically, the negative aspects are still …

Oil, Crude, trading

Oil, Crude, trading

The strong resistance levels published during the previous analysis, located at 1856, were able to limit the upward slope in the middle of European trading, which forced gold to retreat targeting a retest of 1832, so gold collides again with the support level of 1838, to push it into a …

Mixed trades dominated the euro’s movements against the US dollar during the previous trading session, as the euro’s movements witnessed a negative sideways tendency confined from the bottom above 1.2075 and from the top below 1.2175. On the technical side today, and by looking at the 4-hour chart, we find …

The US Energy Information Administration said in a monthly report, Tuesday, that US oil production from the seven major shale formations is expected to decline by about 90 thousand barrels per day in February to about 7.52 million barrels per day. The data showed that production in nearly every rocky …

Inflation in Canada, as measured by the Consumer Price Index (CPI), fell 0.2% MoM in December, data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI eased to 0.7% as against consensus estimates pointing to a reading of 1%. The readings were well below market expectations. …

The Turkish Treasury said on Wednesday that it had borrowed $ 3.5 billion from a double-tranche international bond issue and had received more than $ 15 billion in demand. It added that the return on the five-year tranche is 4.90%, while the return on the ten-year tranche is 5.95%. The …