Oil prices fell slightly on Friday as investors weighed the upbeat demand outlook from the Organization of the Petroleum Exporting Countries (OPEC) and at the same time mixed economic data from China. Brent crude fell 15 cents to $86.25 a barrel by 0515 GMT, while US West Texas Intermediate crude …

Britain unexpectedly posted some growth in the second quarter, supported by a strong performance in June, official data revealed on Friday, but it remains the only one of the world’s largest economies not to return to pre-COVID-19 levels. The economy expanded by 0.2 percent in the second quarter, compared with …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar found a good support ground around 1.3355, which succeeded in limiting the bearish bias, to start the pair’s daily trading on a bullish path, stabilizing above the mentioned level. Technically, the 50-day simple moving average still holds the price from below, and it meets near 1.3350, which …

japanese-yen

Oil, Crude, trading

After the US data appeared yesterday, negative trading dominated the prices of US crude oil futures contracts to face negative pressure, recording a low of $82.67 per barrel. Technically, by looking closely at the 4-hour chart, we find the price stable below 83.50, achieving a clear breach of the mentioned …

The resistance levels posted during the previous repor at 1929, could limit the bullish bias, which forced gold prices to maintain the bearish path, recording its lowest level at $1910 per ounce. On the technical side today, and looking at the 4-hour chart, the Simple Moving Averages are still a …

After yesterday’s US data, there are limited positive attempts for the EUR/USD pair to test the 1.1030 resistance level, and the pair’s current movements are witnessing stability below the mentioned resistance. Technically, and looking closely at the 4-hour chart, we notice the conflicting technical signals. We noticed the 50-day simple …