Gold fell on Wednesday, continuing the decline from a level close to a nine-month peak, which it reached in the previous session, as some investors sought to speculate in a way that guarantees them profit. The dollar stabilized ahead of the release of US economic data that may determine the …
Read More »BoC Preview: Forecasts from four major banks
The Bank of Canada (BoC) is set to announce its interest rate decision on Wednesday, January 25 at 15:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of Four major banks, regarding the upcoming announcement. Wells Fargo …
Read More »Dow Jones tends to go up 25/1/2023
Oil, Crude, trading
Read More »CAD trading negatively ahead of BoC decisions 25/1/2023
Mixed trading dominated the movements of the Canadian dollar yesterday, within a marginal rise, as we mentioned yesterday, to realize the idea of retesting the strong resistance level at 1.3400, recording its highest level at 1.3413. Technically, the pair failed to stabilize for a long time above 1.3400, and forced …
Read More »GBP is hovering around support, await a new signal 25/1/2023
Oil, Crude, trading
Read More »Oil is under negative pressure 25/1/2023
Strong resistance around 82.20, which formed a strong obstacle in front of US crude oil futures prices, contradicting the positive outlook as we expected, in which we relied on the stability of daily trading above 81.00, explaining that the return of trading stability below 81.00 is capable of postponing the …
Read More »Gold is trying to establish solid support 25/1/2023
Gold prices were able to touch the first official target station during the technical report issued yesterday at 1943 price, recording its highest level of 1943, which formed a strong resistance level that forced gold prices to re-test a typical support level of 1920 and it still maintains the bullish …
Read More »Euro retested support 25/1/2023
The technical outlook is unchanged, and the movements of the Euro-dollar pair did not undergo any significant change, including its success in achieving the idea of retesting the support published during the previous report at 1.0835, which forced it to rebound bullishly, and now hovering around the psychological barrier of …
Read More »Oil stabilizes midway between China’s reopening, economic concerns
Crude oil prices stabilized on Tuesday amid concerns about the global economic slowdown and the expected increase in US oil inventories, which was offset by hopes for a recovery in fuel demand from China, the world’s largest oil importer. Brent crude fell 30 cents, or 0.3 percent, to $87.89 a …
Read More »US Debt Ceiling — Everything you need to know
The U.S. hit the debt ceiling The U.S. Debt Ceiling is an essential fiscal tool that has been around for a while; however, it has recently become a source of much debate and discussion. The debt ceiling is the legal limit to which the U.S. government can borrow money from …
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