Oil, Crude, trading

Negative trading dominated the movements of the Canadian dollar, heading to visit the first official target to be achieved yesterday, at 1.3520, recording its lowest level at 1.3518. Technically, we notice the continuation of the negative pressure coming from the simple moving averages that continue to pressure the price from …

Oil, Crude, trading

US crude oil futures prices achieved the bullish target that should be touched during the previous report at 77.40, recording a high of 77.72. Technically, by looking at the 240-minute chart, we find that the simple moving averages are still holding the price from below, and support the possibility of …

Trading tended to be positive, dominating gold prices yesterday, recording its highest level around $1814 per ounce, as the current movements witness a bearish tendency. Technically, the current trading is witnessing several stabilizations of the price again below the 1810 level, under pressure from the clear negative signs on the …

The EUR/USD pair continues its attempts to rise within the gradually ascending path, as we expected, recording its highest level during the previous session’s dealings, near the psychological barrier of 1.0700. On the technical side today, and with a closer look at the 240-minute chart, we notice that the pair …

The dollar traded near its weakest levels in months against the euro and the pound sterling on Wednesday, after falling overnight on pressure from softer-than-expected inflation data that raised bets that the Federal Reserve will slow the pace of interest rate hikes. After raising interest rates four times in a …

Oil prices were largely stable on Wednesday, amid bleak signs from data on a surprise build in US crude stockpiles and forecasts by OPEC and the International Energy Agency for oil demand to recover over the next year. Brent crude futures fell 17 cents, or 0.2 percent, to $80.51 a …

Gold prices traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision later in the day after lower-than-expected inflation data raised expectations for a moderate path in interest rate hikes. There was little change in the price of gold in spot transactions, and it settled …

Japan’s Nikkei average closed at a two-week high on Wednesday, tracking Wall Street’s gains as lower-than-expected US inflation data reinforced expectations that the Federal Reserve may ease the pace of interest rate hikes. The Nikkei rose 0.72% to 28,156.21, its highest close since December 1. The broader Topix index rose …