The Canadian dollar continues its sharp successive rise within the expected bullish context, surpassing the first target required to be achieved at 1.3425, recording its highest level at 1.3532 during the early trading of the current session. From the technical analysis point of view, the pair succeeded in breaching the …

Oil, Crude, trading

As we expected, US crude oil futures prices achieved a strong decline yesterday within the bearish directional movement, touching the first official target of the previous report at 82.65, recording the lowest price at 82.44. Technically, the regularity of movement within the descending price channel supports the continuation of the …

Gold prices reached the first bearish target at 1656 and approached by a few points at the next target, 1650, recording its lowest level of $ 1653 per ounce. Prices showed mixed trading after touching 1653, resuming the bullish intraday bounce to retest the 1686 resistance level and fail to …

A strong bearish trend dominated the euro’s movements against its US counterpart within the expected negative outlook during the previous analysis, touching all the required bearish targets to reach the last target of 0.9835, recording its lowest level at 0.9807 during the morning session of the current session. On the …

The British government said on Wednesday it would reduce the wholesale cost of electricity and gas to businesses and businesses to less than half the market price from next month to help ease the burden of soaring energy costs but adding to rapidly rising government spending. The wholesale price of …

The Russian ruble fell 1% to 61.2 against the dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a speech broadcast on state television. Russian President Vladimir Putin ordered the country’s first military mobilization since World War II, warning the West that if …

Ukraine’s grain exports have fallen 43.2 percent year on year since the start of the 2022-2023 season to 6.88 million tons, the Ukrainian Ministry of Agriculture said on Wednesday. The country’s grain exports plummeted after the war broke out in February due to the closure of its ports on the …

Gold rose on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a decision that restored the attractiveness of the yellow metal as a safe haven. Still, the strength of the dollar and the expectation of a US interest rate hike limited the gains. And …

The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency rose moderately after the 10-year T-note yield climbed to …