Oil, Crude, trading

Oil, Crude, trading

Negative movements regained control over the Canadian dollar after it failed to stabilize over the psychological barrier of 1.3200, to start its weekly movements with a bearish bias. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below the support level of …

Oil, Crude, trading

Mixed trading dominated the movements of the US crude oil futures contracts yesterday, moving in both upward and downward directions, recording the lowest level at 73.89 while the highest around $76.00 per barrel. Today’s technical outlook, and with a closer look at the 240-minute chart, we find that the price …

Gold prices are witnessing a quiet upward rise within the bullish path published during the previous technical analysis, gradually approaching the 1970 target to record its current high during the morning trading of today’s session 1961. Technical View Today, gold prices achieved a typical re-test of the main support floor …

The euro-dollar pair continues to achieve gains within the gradual rise, as we expected, and currently hovering near its highest level during the morning trading of today’s session, at 1.1255. On the technical side, the pair was able to build on the support of the psychological barrier 1.1200, accompanied by …

The dollar fell on Monday against a basket of currencies after recording the largest weekly decline this year, as dealers await economic data and monetary policy decisions. The euro continued to rise, rising 0.15 percent, to hit a 16-month high of $1.12440. The dollar fell against the yen 0.27 percent …

After the announcement of dismal Chinese GDP figures, European stock markets declined on Monday as the second quarter results season got underway. At 07:30 GMT, the FTSE 100 in the United Kingdom traded down 0.1%, the CAC 40 in France dropped 0.7%, and the DAX index in Germany traded down …

Official data showed on Monday that the average daily consumption of oil refineries in China rose 1.6 percent from the previous month, with refineries resuming operations after completing maintenance in the spring and increasing production to meet the demand for travel in the summer. Data from the National Bureau of …