Against the Japanese yen, the pound was able to touch the first target required to be achieved during the previous trading session at 142.20, recording high at of 142.25. On the technical side, intraday trading is witnessing a slight bearish tendency as a result of the collision with the psychological …

The Canadian dollar declined, cancelling the bullish correction look, as we expected, in which we relied on trading stability above the support floor of 1.2680 touching the stop-loss order at the aforementioned level, as a reminder that we also indicated that any trading below 1.2680 will stop the required upward …

Oil, Crude, trading

Oil, Crude, trading

Narrow-range sideways trading that tends to be negative dominates the yellow metal prices within a gradual decline towards the downside, approaching the target required to be achieved at 1823, to settle for the low of 1829. On the technical side, the price started its morning trading on an upward slope, …

Quiet negative trading continues to dominate the euro’s movements against the US dollar, as we expected, touching our first target to be achieved at 1.2110, recording low of 1.2110. Technically speaking, and by looking at the 60-minute chart, we find the 50-day moving average continues to pressure the price from …

The Organization of the Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth in 2021 unchanged at 5.9 million barrels per day in its latest monthly report, per Reuters. “US shale supply outlook is now slightly more optimistic with rising oil prices, the output is seen recovering …

There were 965,000 initial claims for unemployment benefits in the US during the week ending January 9, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 784,000 and came in worse than the market expectation of 795,000.

The Egyptian Cabinet said today, Thursday, that the total budget deficit amounted to 3.6% of GDP in the first half of the current fiscal year 2020-2021, compared to 4.1% a year ago. He added in a press release that the primary surplus in the first half of the current fiscal …

The consumer price index increased in KSA by 5.3% in December 2020 compared to the same month last year in December 2019, which is lower than the inflation rate for the previous month, November 2020. This price development is largely due to the increase in value-added tax from 5% to …