Oil, Crude, trading

In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …

japanese-yen

Oil, Crude, trading

In line with our expectations, the futures contracts for American crude oil experienced a downward trajectory, successfully reaching the initial target of $72.60 and hitting the designated station at $72.15. The lowest point was recorded at $72.00 per barrel. A meticulous examination of the 4-hour chart reveals that the price …

In the latest trading session, gold experienced a predominant negative trend, aligning with the anticipated bearish outlook and reaching its lowest point at $2009 per ounce. A closer technical analysis reveals ongoing downward pressure, with simple moving averages crossing negatively on the 4-period chart and concurrent negative signals emerging on …

In the aftermath of our previous technical report, the EUR/USD pair continued its anticipated descent, achieving the initial target at 1.0800 and hovering just a few points above the second target at 1.0760. The pair marked its lowest point at 1.0778, confirming the validity of the downward trajectory. As we …

European stocks fell on Tuesday, affected by a decline in financial sector stocks after Qatar reduced its stake in Barclays Bank, while investors remained cautious ahead of important economic data later on Tuesday. The European STOXX 600 index fell 0.1 percent by 8:12 GMT. Barclays shares fell 3.3 percent a …

Japan’s Nikkei index recorded its biggest daily decline in about six weeks on Tuesday, as rising US Treasury yields led to heavy selling in shares of Advantest and other chip-related companies. The Nikkei fell 1.37 percent to close at 32,775.82 points on Tuesday, the largest daily decline since October 26. …

Oil prices witnessed little change on Tuesday amid uncertainty over the OPEC+ alliance’s voluntary production cuts, continued tension in the Middle East, and weak economic data from the United States. By 0402 GMT, Brent oil futures fell one cent to $78.02 a barrel, while US West Texas Intermediate crude futures …