Oil, Crude, trading

The Canadian dollar successfully retested the strong support at 1.3350, which helped it achieve a bullish bounce, to hover now around its highest level during the morning trading of the current session at 1.3435. Technically, the simple moving averages support the possibility of a bullish bias, supported by the clear …

Oil, Crude, trading

US crude oil futures prices achieved our first target during the previous trading session, which is at 78.40, to record its highest level at $78.53 per barrel. Technically, oil is still maintaining its bullish context after establishing a good support base of around 78.00, accompanied by the positive impulse of …

Gold prices found a strong resistance level around the level published during the previous technical report at 1885, which forced gold prices to maintain the bearish context, to return once again to test the 1869 support level. Closer looking at the chart, we find the movements confined between 1870 and …

Sideways trading tended to be negative, as the movements of EUR/USD were confined between the support of the psychological barrier of 1.0700 and the resistance level of 1.0800/1.0780. Technically, we tend to be negative in our trading, relying on the continuation of the pair obtaining negative pressure from the simple …

European stocks hit their highest level in more than nine months on Wednesday, as investors got positive cues from Federal Reserve Chairman Jerome Powell’s comments on Tuesday, while the upbeat outlook of Linda and Akzo Noble led to higher materials stocks. Crude and chemicals. The pan-European STOXX 600 index was …

Gold prices rose on Wednesday as the dollar retreated from a one-month peak after comments from Federal Reserve Chairman Jerome Powell deemed less hawkish. By 0744 GMT, spot gold rose 0.4 percent to $1880.97 an ounce, and US gold futures rose 0.4 percent to $1880.10. Lower interest rates benefit gold …

Oil prices rose in early trading on Wednesday, extending gains from the past two days, as the dollar fell after Federal Reserve Chairman Jerome Powell appeared less hawkish on interest rates than markets had expected, and as US crude inventories fell surprisingly. Brent crude futures rose 11 cents, or 0.1 …

Japan’s Nikkei fell on Wednesday amid heavy selling in stocks of major technology companies such as Nintendo and SoftBank Group after disappointing financial results, dashing any hopes of capitalizing on Tuesday night’s gains on Wall Street. Investment group SoftBank fell 5.1% after posting a quarterly loss, while video game maker …