Oil, Crude, trading

The Canadian dollar declined significantly yesterday, within the expected bearish context during the previous technical report, touching the official target station at 1.3320, recording its lowest level at 1.3320. From the point of view of technical analysis today, the pair succeeded in breaching the support level of 1.3420. they have …

Oil, Crude, trading

US crude oil futures prices reversed the expected bearish trend during the previous analysis, touching the stop loss order at 71.55, explaining that the price’s consolidation above the resistance above level can turn the daily trend into an upward one, targeting 72.45 and 73.40, recording its highest level at $73.15 …

Throughout several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977, explaining that the decline below 1945 is a beginning signal for the resumption of the correctional decline, recording its lowest …

Trading tended to be positive, dominating the movements of the euro-dollar pair within the idea of retesting the resistance, but still limited movements confined from below above 1.0675, and from above below 1.0740. On the technical side today, and with a closer look at the 4-hour chart, we find that …

The Bank of Canada (BoC) is scheduled to publish its Interest Rate Decision on Wednesday, June 7 at 14:00 GMT, and as the day approaches, here are the forecasts of four major banks’ economists and academics on the impending announcement. The Bank of Canada is likely to hold interest rates …

Oil prices rose on Wednesday, supported by Saudi Arabia’s surprise pledges this week to cut production further, which offset the impact of weak Chinese data and an increase in US fuel inventories. Brent crude futures rose 36 cents, or 0.5 percent, to $76.65 a barrel by 0949 GMT. West Texas …

The Turkish lira plunged 7 percent on Wednesday to a new record high amid the biggest sell-off in the currency since its historic collapse in 2021, as the new Turkish government appeared to ease stabilization measures after hinting at a shift to more traditional policies. The lira has been under …

The dollar saw a volatile performance on Wednesday as expectations of a Federal Reserve rate hike this month receded, however moves remained range-bound as traders focused on whether an end to monetary tightening was in sight around the world. The Australian dollar recorded the highest level in three weeks, extending …