Oil, Crude, trading

The Canadian dollar declined significantly to incur significant losses, surpassing the bearish target published in the previous report at 1.3510. It is now settling around its lowest level during today’s morning session 1.3370. Technically, and with a closer look at the chart, we find that the simple moving averages returned …

Oil, Crude, trading

As we expected during the previous technical report, US crude oil futures prices recovered, touching the required target at 71.20, recording a high of $71.77 per barrel. Technically, we find that oil prices have returned to stability above the support floor of the psychological barrier of 70.00, in addition to …

Gold prices gave up their recent gains last Friday to move away from the peak recently recorded at $2067, under pressure from the rise of the US dollar after the US jobs data, to record gold prices to their lowest level of $2016 per ounce. Technically, and by looking at …

Mixed trading dominated the movements of the euro-dollar pair, within a downward sloping path, affected by the US data that appeared last Friday, recording its lowest level at 1.0970. From a technical point of view, today, we find the pair’s intraday trading has returned to stability above 1.1000, accompanied by …

The dollar fell slightly against other major currencies on Friday, as problems in the banking sector increased expectations of a US interest rate cut later in the year, while eyes turned to an upcoming monthly US jobs report. The pound rose to the highest level in almost a year, the …

The Russian ruble rose during trading today, to the highest level in more than a month, to continue its gains for the fifth consecutive session, as oil prices stabilized after the recent decline, which somewhat reduced the impact of the decrease in the supply of foreign currencies in Russia. The …

Gold fell on Friday from near record highs as investors await more economic indicators, but it is still on track to post its best week in nearly two months as hopes of halting interest rate hikes in the United States and banking problems increased demand for a safe haven. And …

European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …