The dollar retreated slightly from a 12-week level on Monday, August 28, as investors assessed the path of US monetary policy after US Federal Reserve Chairman Jerome Powell left the door open to the possibility of further interest rate hikes. In a highly anticipated speech at the annual financial policy …

Gold prices rose Monday, August 28, despite US Federal Reserve Chairman Jerome Powell’s statements about the possibility of further rate hikes, as markets seek indications through economic data this week to draw a clearer picture of the path of interest rates. Spot gold rose 0.1% to $1,915.99 an ounce by …

Japan’s Nikkei average on Monday posted its highest one-day rise in two months as investors bought back shares after losses at the end of last week, but tourism-related stocks fell amid concerns about the impact of a Chinese ban on seafood imported from Japan. The Nikkei rose 1.73 percent to …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar achieved the first official target that should be touched during the previous technical report at 1.3640, recording its highest level at 1.3640. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3560, and in general, above 1.3500, the support represented …

japanese-yen

Oil, Crude, trading

Mixed movements still control the prices of US crude oil futures contracts, to move in both upward and downward directions, recording a high of 80.45 before hitting a low of around $78.20 per barrel. Technically, by looking at the 240-minute chart, the price is shifting around the 50-day simple moving …

Gold prices achieved an intraday break of the strong support floor published during the previous technical report at the price of 1913, explaining that the decline below the mentioned support level puts the price under negative pressure again, so we are awaiting the return of the official bearish trend, with …