Gold prices were able to touch the official target of the report issued on yesterday’s session at 1787, explaining that the price behaviour of the mentioned level must be monitored. Technically, we find gold prices stable in an intraday manner above the support level of 1763. We also find the …

The single European currency achieved all our bullish targets during the previous report, reaching the final target at 1.0465 and recording its highest level at 1.0480. On the technical side, the pair found a strong resistance level around the level published yesterday 1.0465, which forced it to retreat to the …

Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …

The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy. The pound rose 0.6 percent to $ 1.1830, near …

The euro area economy expanded at an annual rate of 2.1% in the third quarter, Eurostat reported on Tuesday. This reading came in line with the flash estimate and the market expectation. Other data revealed that the euro area trade deficit narrowed to €34.4 billion in September from €52.4 billion. …

European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …

Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …

Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …

Oil, Crude, trading

A bearish tendency dominated the movements of the Canadian dollar during the previous trading session, within the expected bearish path, to settle for recording its lowest level at 1.3240. Technically and carefully considering the 240-minute time frame, we find positive crossover signs that started appearing on the stochastic indicator and …