Oil, Crude, trading

The Canadian dollar jumped yesterday to reverse the expected bearish trend during the previous analysis, in which we relied on trading stability below 1.3480, explaining that consolidation above the aforementioned level is capable of completely thwarting the suggested scenario, and the pair may recover with a bullish target first at …

Oil, Crude, trading

US crude oil futures prices declined significantly, invalidating the positive outlook we expected, in which we relied on the consolidation of daily trading above the support level of 79.70, explaining that breaking the mentioned level will cancel the idea of resuming the rise and put the price under immediate negative …

Negative trading dominated gold’s movements at the beginning of this week’s trading after it touched its highest level since last June, around $1810 per ounce. As a reminder, we indicated during the previous analysis that the decline below 1786 leads gold to retest 1768, recording its lowest level at 1765. …

Little negativity dominated the movements of the EUR/USD pair as a result, after it witnessed substantial gains last Friday, heading to the downside due to the price approaching the resistance level of the psychological barrier 1.0600. On the technical side, the support levels published in the previous technical report at …

Official data showed Monday, December 5, that Turkey’s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations …

Eurozone’s Retail Sales dropped by 1.8% MoM in October versus -1.7% expected and 0.8% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -2.7% in October versus 0% recorded in September and -2.6% consensus forecast. The euro shrugs …

Gold prices stabilized Monday, December 5, after hitting their highest level in 5 months, while the dollar fell after more Chinese cities eased anti-Covid-19 restrictions over the weekend. There was little change in the spot gold price, recording $1,799.26 an ounce, after touching the highest level since July 5 at …

European stocks fell on Monday in cautious trading ahead of the publication of data on business activity amid concerns about the economic slowdown in the European Union. Stocks posted gains for the seventh consecutive week on Friday, supported by China’s easing of COVID-19 restrictions following protests against the country’s strict …