Gold prices settled in a narrow range on Friday after caution prevailed ahead of next week’s much-watched Federal Reserve meeting for any signs of a slowing in interest rate hikes. Gold prices did not witness little change in spot transactions and amounted to $ 1663.62 an ounce by 0521 GMT, …

Oil, Crude, trading

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the expected bearish context and the regular movements within the descending channel. Technically and carefully considering the 4-hour chart, we find the simple moving averages continuing their negative pressure on the price from above, …

Oil, Crude, trading

A weak bullish trend dominated the movements of US crude oil futures yesterday, within the expected bullish context, touching the first target required to be achieved at 89.60, recording the highest level at 89.80. Technically, we tend in our trading to the positive, but cautiously, relying on the positive stimulus …

Narrow sideways trading tended to the negativity that dominated gold’s movements during the previous session, under pressure from the rise of the US dollar, reaching the lowest of 1654, after it failed to cross upwards to the resistance level of 1670. Technically, the 50-day simple moving average is trying to …

The single European currency reversed the bullish trend despite the European Central Bank raising interest rates by 75 basis points to return to stability below 1.0000. On the technical side, we find the 50-day simple moving average still carrying the price from below, supporting the possibility of a rise. On …

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council’s decision to hike key rates by 75 basis points in October. “Supply bottlenecks are easing.”“Depreciation of the euro has added to inflation.”“Price …

The US economy expanded at an annualized rate of 2.6% in the third quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading followed the 0.6% contraction recorded in the second quarter and came in slightly better than the market expectation for a growth of …

Gold prices fell on Thursday as the dollar rose, while investors awaited economic data amid expectations that the Federal Reserve may slow the pace of interest rate hikes after November. And gold fell in spot transactions 0.1 percent to $ 1662.79 an ounce by 0952 GMT, and US gold futures …