The technical outlook is unchanged, and the Canadian dollar did not change significantly, maintaining positive stability, to start the early trading of today’s trading session, stable above 1.3620. Technically, we find the 50-day simple moving average continues to hold the price from below, and this comes in conjunction with the …

Oil, Crude, trading

US crude oil futures prices declined significantly within the expected downward path during the previous analysis, touching the first target to be achieved at 72.50, recording its lowest level at $71.77 per barrel. Technically, we find the simple moving averages continue to exert negative pressure on the price from above, …

Gold prices witnessed a trading session that tended to be positive, after it succeeded in building on the support floor published during the previous technical report at 1764, and as a reminder, we adhered to intraday neutrality yesterday due to the conflicting technical signals, explaining that the activation of buying …

We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …

Oil futures witnessed little change in Asian trading on Wednesday, December 7th, as fears about the impact of the cap imposed by the West on the price of Russian oil were offset by hopes for an improvement in demand from China, which kept the markets in anticipation after a sharp …

Eurostat reported Wednesday that seasonally adjusted Gross Domestic Product (GDP) in the Euro area expanded at an annual rate of 2.3% in the third quarter. This reading followed the 4.2% growth recorded in the second quarter and came in higher than the initial estimate and the market expectation of 2.1%. …

European stocks fell on Wednesday, December 7, affected by investor anxiety, amid growing fears of a recession, although the strong push of the healthcare sector limited losses. The pan-European Stoxx 600 index fell 0.2%, extending its losses for the fourth consecutive day, after it began to recover from its fall …

Gold traded within a narrow range on Wednesday as investors awaited the Federal Reserve’s meeting next week to assess the bank’s monetary policy stance. And gold in instant transactions witnessed a slight change to $ 1772 an ounce by 0650 GMT. US gold futures rose 0.1 percent to $1,783.90. A …

Japan’s Nikkei average touched a four-week low on Wednesday, tracking a sell-off in technology stocks on Wall Street overnight, but gains in auto stocks helped limit losses. The Nikkei closed down 0.72% at 27,686.40, after dropping earlier to 27,646.78 for the first time since November 10. Tokyo Electron, which specializes …