Oil, Crude, trading

The Canadian dollar jumped to achieve substantial gains within the expected positive outlook during the previous report, touching the official target to be achieved at 1.3670, recording its highest level during the morning period of today’s session at 1.3705. Technically, and with a closer look at the 4-hour time frame …

japanese-yen

Oil, Crude, trading

Negative trading dominated the prices of US crude oil futures within the expected downward correction during the previous technical report, exceeding the required targets to reach the official target of 88.70, recording its lowest level of $87.80 per barrel. Technically, oil failed to maintain trading above 89.40. This previously broken …

Gold prices continue to suffer heavy losses as part of intense selling, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1815, recording its lowest level of $1815 per ounce during early trading of the current session. Technically, …

We remained neutral for the moment during the previous technical report due to the conflicting technical signals, explaining that activating the selling positions depends on the pair’s failure to break through the psychological barrier of 1.0600 resistance, heading to touch the first official target of 1.0500, recording its lowest level …

In the United States, inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 3.5% on an annual basis in August, up from 3.4% (revised from 3.3%) in July, according to the US Bureau of Economic Analysis on Friday. This reading was consistent with …

A Reuters survey showed on Monday that the Organization of the Petroleum Exporting Countries (OPEC) oil production rose for the second month in a row in September, supported by higher production from Nigeria and Iran, despite Saudi Arabia and other members of the broader OPEC+ alliance continuing to cut production …

Gold prices fell to $1,830 per ounce during trading on Monday, reaching their lowest levels in seven months due to pressure resulting from the strong dollar and high Treasury yields, as well as today’s expected speech by Jerome Powell. Gold’s decline today is the worst in two years, incurring monthly …