The dollar fell from the highest level in two and a half months against the yen on Friday, and headed towards recording its first weekly loss since January against other major currencies, as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, which is particularly …

Oil, Crude, trading

The Canadian dollar showed some bearish bias yesterday, affected by the rise in oil prices, and the pair is now hovering around the support level of 1.3575, trying to stabilize above it temporarily. Technically, the Canadian dollar is settling above the 50-day simple moving average, trying to push the price …

Oil, Crude, trading

The movements of US crude oil futures contracts witnessed a trading session in the green areas within the positive outlook, as we expected, touching the official target of the previous technical report, located at 78.25, recording its highest level at $78.55 per barrel. Technically, oil prices are based in an …

Narrow-side trading dominated gold prices during the previous trading session and did not show any change in the technical outlook, so the movements were limited from below above 1830, and from above below 1840. From the angle of technical analysis today, we notice an initial breach above the resistance level …

The EUR/USD pair was able to achieve the first bearish target published during the previous report at 1.0775, relying on the confirmation of the pair breaking 1.0600, recording its lowest level at 1.0575. Technically, and by looking closely at the 4-hour chart, we find that the pair is now hovering …

Policymakers from the European Central Bank confronted some harrowing realities this week while huddling in a retreat in a remote Arctic village: businesses are benefitting from rising inflation while workers and consumers bear the cost. The dominant macroeconomic narrative over the last nine months has been that the 20 nations …

The euro fell against the dollar on Thursday, after data showed that inflation in the euro zone is not as high as investors feared, after readings published by countries in the region during the past days. Eurozone inflation fell to 8.5 percent in February from 8.6 percent a month earlier …

Gold prices are heading on Thursday to end a series of gains achieved over three sessions, pressured by the rise in the dollar and the possibility of the Federal Reserve conducting more interest rate hikes, which clouded the expectations of the prices of the yellow metal. And by 1030 GMT, …