The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …

Oil prices stabilized Monday, November 7, hovering around $100 a barrel, as support from a weaker dollar and a recovery in Chinese crude imports were offset by renewed demand concerns linked to China’s tough approach to containing the coronavirus. By 10:26 GMT, Brent crude futures rose 6 cents, or 0.06%, …

The dollar rose on Monday as sentiment deteriorated after China said it was sticking to its strict curbs on the coronavirus, dashing hopes of the imminent reopening of the world’s second-largest economy that earlier recorded a massive rebound in risky assets. China said at the weekend that it would continue …

European shares opened lower on Monday, with mining and luxury stocks tumbling after hopes that China would ease its strict COVID-19 restrictions earlier this week faded. The pan-European STOXX 600 index fell 0.5% by 0805 GMT, after a string of gains that extended for four consecutive weeks. Shares of European …

Oil prices fell more than 2% in early Asian trading on Monday after Chinese officials affirmed over the weekend their commitment to a tough approach to containing the Corona virus, dashing hopes of a recovery in oil demand in the world’s largest importer of crude. Brent crude futures fell $1.58, …

Oil, Crude, trading

Last Friday, the Canadian dollar incurred strong losses within the expected negative outlook, touching the profit-taking order published during the previous analysis at 1.3600, recording its lowest level at 1.3470 after the US and Canadian jobs data. Technically, we tend in our trading to the negative, relying on the continuation …

Oil, Crude, trading

Strong gains dominated US crude oil futures prices within the expected bullish context, surpassing the required targets at 90.75 and recording the highest level at 92.80. Technically, the simple moving averages support ascending, accompanied by positive signs from the RSI stable above the 50 mid-line. From here and steadily trading …

Gold prices jumped at the end of last week’s trading. We adhered to intraday neutrality in the previous report, explaining that we are waiting to activate the pending orders, a pending buy order above 1647, to open the door to 1660 and then 1677, recording its highest level at $1681 …