The Canadian dollar remains under the influence of a persistent downward trend, which gained momentum following the breach of the significant support level at 1.3760. Currently, the pair is stabilizing around its lowest level near 1.3725. Examining the technical analysis on the 4-hour timeframe today, we observe a bearish technical …

japanese-yen

Oil, Crude, trading

US crude oil futures contracts experienced a notable decline following the retracement of recent gains, retreating from the pinnacle of 85.58 reached during last Friday’s trading session. As today’s trading commenced, the price hit its lowest point, settling at $81.18 per barrel at the time of compiling this technical report. …

Gold prices commenced the first trading session of last week with a pronounced bearish sentiment, slipping below the significant threshold of $2400 per ounce. At the time of drafting this report, prices had dipped to approximately 2361 during the morning session. Technically, on today’s 4-hour chart analysis, we observe gold …

Negative sentiment returned to dominate the movement of the Euro/Dollar pair towards the end of last week’s trading. Despite several attempts, the pair struggled to sustainably breach the psychological resistance level at 1.0700. As trading commences this week, the pair is seen exerting downward pressure, testing the support level at …

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares (EPA:OREP) bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European …

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …

Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

Oil prices surged by $3 a barrel on Friday following reports of Israeli missile strikes on a site in Iran, heightening concerns over potential disruptions to oil supplies in the Middle East. Benchmark contracts initially spiked more than $3 before slightly retracing their gains. By 0200 GMT, Brent crude futures …