Oil prices fell, becoming further away from their highest levels in ten months on Wednesday, ahead of the announcement of the Federal Reserve’s decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of this impact on …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar succeeded in achieving the bearish targets required to be achieved during the previous technical report at 1.3400, and approaching the official target around 1.3365, recording its lowest level at 1.3380. Technically, we are leaning towards positivity in our trading, but with caution, relying on the positive crossover …

japanese-yen

Oil, Crude, trading

US crude oil futures prices reflected the expected bullish trend during the previous report, touching the stop loss order published at 91.30. As a reminder, we indicated that breaking the aforementioned level postpones the proposed bullish scenario, and we may witness a simple bearish correction aimed at retesting 90.20, recording …

Gold prices achieved a positive outlook, as we expected during the previous technical report, touching the first target to be achieved, at the price of $1936, recording its highest level of $1937 per ounce. Technically, gold prices found a strong resistance level represented by the first target, 1936, which forced …

Limited positive attempts dominated the EUR/USD pair during the previous trading session, retesting the psychological barrier resistance level of 1.0700 and failing to stabilize above it for a long time. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the …

Navigating by the seat of their pants – that’s a less charitable way to characterize the Federal Reserve’s recently professed reliance on real-time data for policy decisions. While we could extend some acknowledgement to Fed Chair Jerome Powell and his team, it’s apparent that the central bank is gently decelerating …