Oil, Crude, trading

The bullish tendency of the Canadian dollar stopped after it hit a strong resistance level around 1.3300, recording its highest level at 1.3290, to start the bearish trend controlling the pair’s movements again, and it is currently trading around its lowest level during today’s morning trading at 1.3200. Technically, and …

Oil, Crude, trading

US crude oil futures prices jumped to achieve noticeable gains yesterday to start attacking the psychological resistance level of 75.00%, recording its highest level during the morning trading of the current session at $75.10 per barrel. Technically, we are positive depending on the price’s consolidation above the strong support floor …

Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …

The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …

Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said during an oil and gas conference in Nigeria that global energy demand is expected to rise by 23% until 2045. He added, “The global demand for energy is expected to increase by a significant rate of 23% …

The dollar fell to a two-month low on Tuesday after Federal Reserve officials signaled the tightening cycle was coming to an end, while sterling rose to a 15-month high after more-than-expected wage growth in Britain. Several Federal Reserve officials said on Monday that the bank would likely need to raise …

Inflation rose in Germany in June, snapping a steady decline since the beginning of the year. Data from the Federal Statistical Office on Tuesday showed consumer prices, harmonized to facilitate comparison with other countries in the European Union, rose 6.8 percent year-on-year in June. Core inflation, which strips out volatile …

Japan’s Nikkei index rose slightly at the close on Tuesday, snapping losses for five consecutive sessions, but gave up most of its early gains as investors sold shares to take profits. The Nikkei index rose 0.04 percent to 32,203.57 points at the close, while the broader Topix index reversed its …