Gold prices rose on Friday, supported by the decline in the dollar and US Treasury yields, but increased expectations of another big hike in US interest rates kept the precious metal on course for a weekly decline. And the price of gold in spot transactions rose 0.3 percent to $ …

Oil, Crude, trading

The Canadian dollar declined quickly yesterday after hitting the resistance level of 1.3980, which forced it to trade negatively, and it is now hovering around the psychological support floor of 1.3700. Technically, we tend to the negativity, relying on the negative crossover of the simple moving averages that pressure the …

Oil, Crude, trading

US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …

Divergent movements dominated the gold’s moves during the last session within a sideways path between 1660 and 1670. Technically, by looking at the 4-hour chart, we find that Stochastic gradually loses bullish momentum and is motivated by the continuation of the negative pressure coming from the 50-day simple moving average. …

Positive trades dominated the euro’s movements against the US dollar during yesterday’s trading, trying to build on the 0.9740 support floor. Technically, and carefully looking at the 240-minute chart, we find the pair is moving above the 50-day simple moving average, accompanied by the beginning of positive signs appearing on …

The British pound rose on Thursday in volatile trade as investors awaited the imminent deadline set by the Bank of England to end its emergency bond purchase program. The fragile yen approached a new 24-year low as markets worried before US inflation data was released later on Thursday, looking for …

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%. The Core CPI, which …

The International Energy Agency said on Thursday that the decision of the OPEC + group of oil producers last week to curb production led to higher prices and could push the global economy into recession. It stated in its monthly oil report that with persistent inflationary pressures and higher interest …