The Canadian dollar hit the resistance level of the psychological barrier at 1.3000, explaining that it represents one of the most important directional keys for the current trading levels. However, the pair failed to breach it, forcing it to trade negatively and retest the 1.2930 support level. On the technical …

Oil, Crude, trading

US crude oil futures prices managed to achieve the awaited bullish target at 95.70, to record its highest level during the last session’s trading at 95.67. Technically and carefully considering the chart, we find the simple moving averages still support the possibility of a rise, and we find the RSI …

We adhered to intraday neutrality during yesterday’s session due to a conflict in the technical signals, explaining that we are observing the price behaviour of gold from the bottom above 1729 and above around 1757. On the technical side, gold begins today by attacking the strong resistance located at 1757, …

Quiet trading tended to the little positivity that dominated the movements of the euro against the dollar within attempts to benefit from the psychological barrier’s support level of 0.9900, to start the morning’s trading within an upward bias and hovering around the highest level recorded during the Asian session around …

The GBP/USD pair turned south and trades a handful of pips below the 1.1800 level, not far above a fresh multi-month low of 1,1716 posted on Tuesday. The greenback regains its dominance across the FX board, following a short-lived knee-jerk on Tuesday, following the release of tepid US growth-related figures. …

With a big deal of market volatility, gold prices have pushed to session highs. The housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal, which …

New orders for manufactured durable goods orders in the US stayed virtually unchanged at $273.5 billion in July, the US Census Bureau reported on Wednesday. This reading followed June’s 2.2% expansion and came in worse than the market expectation for an increase of 0.6%. The publication further read. “Excluding defence, …

Wall Street’s main indexes fell on Wednesday as recent economic data fueled fears of a slowdown ahead of the US Federal Reserve’s annual conference this week. The Dow Jones Industrial Average fell 10.58 points, or 0.03%, to 32,899.01 points. The Standard & Poor’s 500 index opened down 2.18 points, or …

Brent crude rose above $100 per barrel on Wednesday after Saudi Arabia indicated earlier this week that OPEC might consider cutting production in response to poor liquidity in the oil futures market. Global crude oil benchmarks were up on Wednesday, with Brent oil futures for October delivery gaining 1.03% to …