The Canadian dollar provided positive movements during the last session to retest the pivotal resistance level at 1.3680, limiting the rise. Technically, and by looking at the chart, we find features of a bearish technical formation that started to form that may pressure the price to achieve more decline, in …
Read More »GBP starts bearish 2/11/2022
Oil, Crude, trading
Read More »Oil may extend its gains 2/11/2022
As we expected during the previous analysis, an upward trend dominated US crude oil’s performance yesterday, touching the first required target at 89.50, recording its highest level at 89.74. Technically, we tend to trade positively but cautiously, relying on the positive motive from the simple moving average and the positive …
Read More »Gold is in a sideways range, all eyes on Fed 2/11/2022
Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …
Read More »Euro is stable below the parity point 2/11/2022
The single European currency found a good demand area around the posted level during the last analysis at 0.9850 within the bullish rebound attempts that are still limited. Technically, and carefully considering the 4-hour chart, we find the euro is still stable below the parity point against the US dollar, …
Read More »Thomson Reuters Beats Q3 Earnings Estimates
Thomson Reuters (TRI) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.33%. A quarter …
Read More »Dollar is falling as optimism spreads before the Fed and BoE meetings
The US dollar slipped on Tuesday from a one-week high against a basket of major counterparts, as sentiment improved in financial markets ahead of the Federal Reserve and Bank of England meetings scheduled for this week. The Federal Reserve is widely expected to raise its key interest rate by 75 …
Read More »Oil rises more than 1% thanks to weak dollar, despite concerns about Covid in China
Oil prices rose more than 1% on Tuesday, paring losses incurred in the previous session, while the dollar slipped to reduce the impact of sweeping restrictions to combat Covid-19 in China, stoking fears of slowing fuel demand in the second-largest crude consumer in the world. the scientist. Brent crude futures …
Read More »Dollar falls as risk appetite improves ahead of Fed meeting
The US dollar slipped again on Tuesday from a one-week high against a basket of its major peers, with traders awaiting the message Federal Reserve officials will deliver at Wednesday’s monetary policy meeting. The dollar index, which measures the US currency against six rival currencies, including the euro, the pound …
Read More »Japan shares close higher thanks to positive corporate profits and Toyota declines
Japanese stocks closed higher on Tuesday, as investors reacted to expectations of some companies for a strong performance, even as Toyota Motor shares fell after the company reported worse-than-expected earnings. The Nikkei average rose 0.33 percent to 27,678.92 points, while the broader Topix gained 0.47 percent to 1,938.50 points. Toyota …
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