Limited sideways trading dominates the movements of the Canadian dollar, confined between 1.3350 and 1.3420. Technically, we note the continuation of the 50-day simple moving average pressure on the price from above, with trading stabilizing below 1.3420, which supports negativity. On the other hand, we find the 14-day momentum indicator …

Oil, Crude, trading

US crude oil futures prices achieved the first bearish target referred to in the previous analysis at 79.40, to start a bullish rebound due to touching the support 79.40 represented in the first target, to witness the current movements stabilizing above the barrier of $80.00 per barrel. Technically, the 50-day …

For the second session in a row, the strong levels of demand published during all the technical reports for the current week, at 1920, proved their effectiveness after gold was able to establish a solid support ground to force it to rebound upward and continue the ascent towards the official …

A quiet, gradual rise dominates the movements of the EUR/USD pair within the expected bullish path, gradually approaching the official station targeted for the current wave of rise 1.0940, recording its highest level at 1.0924. On the technical side, the pair established a solid floor around 1.0835. The simple moving …

The USD/CAD jumped by more than 50 pips after the decision of the Bank of Canada and climbed to 1.3425, reaching the highest level since last Friday. The Bank of Canada, as expected, raised the key interest rate by 25 basis points to 4.5%. In the statement, the central banks …

The Bank of Canada (BoC) announced on Wednesday that it hiked its benchmark interest rate by 25 basis points to 4.5% following the January policy meeting. This decision came in line with the market expectation. In its policy statement, the BoC noted that it is likely to hold the rate …

European stocks fell on Wednesday as weak results from US software giant Microsoft weighed on the broader technology sector, while signs of improving economic prospects in the euro zone fueled concerns about further interest rate hikes. The European Stoxx 600 index fell 0.3 percent, recording a decline for the second …

The headline German IFO Business Climate Index advanced to 90.2 in January versus the previous reading of 88.6 and the forecast of 90.2. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as against December’s 94.4 and 95.0 expected. The IFO Expectations Index – indicating firms’ …

Oil prices fell on Wednesday, adding slightly to losses in the previous session, as rising US crude inventories and fears of a global recession offset optimism about a recovery in demand in China. Crude oil prices have risen this year amid China ending anti-coronavirus restrictions and hopes the Federal Reserve …