Negative trading dominated the Canadian dollar’s ​​movements yesterday within the expected bearish context, touching the first target to be achieved during the previous session at 1.2560, recording its lowest price of 1.2560. Technically speaking, and with a closer look at the 60-minute chart, we find that Stochastic started to provide …

Oil, Crude, trading

Oil, Crude, trading

We remained neutral in the previous analysis due to the conflict of technical signals, indicating that the confirmation of the bullish trend needs gold to witness a clear breach of the resistance level of 1816, to find that the price collided with the aforementioned resistance level, trading negatively again, recording …

The single European currency continues to try to rise against the US dollar, recording its highest level during the previous session at 1.1280. Technically speaking, we see the Euro found it difficult to confirm the breach of the 1.2175 resistance level represented by the 23.60% Fibonacci correction as shown on …

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) came in at +1.1% in December after rising 1% in November. This reading came in slightly higher than the market expectation of 1%. 

US Treasury Secretary Janet Yellen said that the verdict on the success of President John Biden’s stimulus plan will be how quickly it will return the economy to pre-pandemic unemployment levels and restore jobs in the service sector. Speaking at a webinar, Hunt Yellen also discussed the rise in public …

Thomson Reuters announced a revenue hike in Q4 of last year and said it would start a two-year program that would transform it from a holding company to an operating company. The news and information provider said revenues rose 2% to $1.62 billion, due to the sale of an investment, …

British Prime Minister Boris Johnson said on Tuesday that he is very optimistic that England will fully re-open on June 21 but added that it’s not a guarantee.  “British Cabinet Minister Michael Gove will review the use of vaccine certification,”

The data from the UK showed on Tuesday that the Confederation of British Industry’s (CBI) Retail Sales Balance in February rose to -45 from -50 in January. This reading came in worse than the market expectation of -38.