The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …

Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …

Japan’s Nikkei index rose for the sixth consecutive session on Friday, its longest streak of consecutive gains since July, supported by a rally on Wall Street overnight and the rise of Fast Retailing, owner of Uniqlo stores. The Nikkei index closed up 1.2 percent at 28,493.47 points, recording a weekly …

Oil, Crude, trading

Noticeable losses continue to control the Canadian dollar’s movements within the expected bearish path during yesterday’s session, surpassing the required target at 1.341 as could continue the selling pressure towards 1.3375, recording its lowest level at 1.3330. Technically, with the pair’s failure to maintain trading above 1.3410, in addition to …

Oil, Crude, trading

Limited positive trading dominated futures prices for US crude oil, colliding with the strong resistance published during the previous technical report at 83.50, which temporarily limited the bullish trend. Technically, by looking at the 4-hour chart, we find negativity features currently dominating the stochastic indicator. We await getting rid of …

A noticeable rise in gold prices, continuing to achieve gains for the fifth session in a row within the expected positive outlook, touching the official target station during the last analysis at the price of 2040, recording its highest level of $2048 per ounce. Today’s technical vision indicates the possibility …

Yesterday’s session witnessed the positive movements of the Euro-dollar pair, as we expected, heading to touch the first target published during the previous technical report, at 1.1040, to record its highest level at 1.1067. Technically, we continue to suggest the daily bullish direction, relying on the intraday stability above the …

U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The producer price index for final demand dropped 0.5% last month, the Labor Department said on Thursday. Data for February was revised to show the PPI unchanged …