Oil, Crude, trading

The Canadian dollar reversed the daily bearish trend expected during the previous analysis after it built on the support floor of 1.3300, previously explained as a support level, to return to the bullish rebound, and now hovering around its highest level during the session 1.3410. Technically, the pair was able …

Oil, Crude, trading

US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …

Quiet trades tended to be positive within the expected bullish track, for the EUR/USD pair to touch the first target achieved during the previous report at 1.090, recording its highest level at 1.0913. Technically, the pair found a strong resistance level around the psychological barrier 1.0900, and failed to stabilize …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: oil Oil is …

The Dutch company Philips, which specializes in health technology, said on Monday, January 30, that it will cut 6,000 jobs to restore its profitability after withdrawing respirators that stopped 70% of their market value. The company said half of the job cuts will take place this year, while the other …

European stocks fell on Monday amid anticipation ahead of a series of central bank meetings later this week, with interest rate-sensitive stocks such as the technology sector among the main losers. The pan-European Stoxx 600 index was down 0.6 percent by 0818 GMT. The technology index led the declining sectors …

Oil prices fell on Monday, giving up previous gains, with the world’s major producers expected to keep production unchanged during an upcoming meeting this week, and as investors warned ahead of a Federal Reserve meeting that could spark market volatility. Brent crude futures fell 20 cents, or 0.2 percent, to …