The Canadian dollar came under selling pressure during the previous trading session within the expected negative outlook, in which we depended on the breach of the support level of 1.2710, heading for touching our first target of 1.2670, recording a low of 1.2674. Technically, and with a closer look at …

Oil, Crude, trading

Oil, Crude, trading

We committed to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1845, to enhance the chances of a bullish move towards our first awaited target of 1851, Posting Highest price during the last session at 1855. Technically …

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, in a positive path, posting a high of 1.2144. On the technical side today, and by looking at the 60-minute chart, we find that there is a beginning of a decline in momentum, …

Inflation in the US, as measured by the Consumer Price Index (CPI), declined to 0.3% on a monthly basis in January, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI stayed unchanged at 1.4%. the Core CPI, which excludes food …

British Prime Minister Boris Johnson said on Wednesday that they are going to have to get used to the idea of revaccinating, as reported by Reuters. “The border policy is measured, proportionate and getting tougher next week,” Johnson said.

Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said on Wednesday that Iraq’s oil exports should average around 2.9 million barrels per day in February, as reported by Reuters. Ismaael added that he expects Brent prices ranging between $58 and $63 and noted that he doesn’t expect OPEC+ to make …

European stocks rose during trading on Wednesday on upbeat quarterly earnings reports from companies including SocGen helped boost optimism about a faster vaccine-led economic recovery this year. The STOXX 600 rose 0.3%, with commodity-related and banking stocks leading the gains. Most of the European indices were higher in early trade. …

Gold rose on Wednesday, February 10, hovering near the peak of a week that it reached in the previous session, as the attractiveness of the yellow metal increased as a hedge against inflation after the dollar fell and hopes for a US stimulus package increased. And gold rose in spot …