Oil, Crude, trading

The Canadian dollar touched the first target to be achieved during yesterday’s session at 1.3500, recording its highest level at 1.3505, and began to decline rapidly to the downside as a result of the collision with the resistance level represented in the target. Technically, and by looking closely at the …

Oil, Crude, trading

US crude oil futures prices found a support level of around 73.85, which forced the price to rebound bullishly to temporarily reverse the expected bearish trend, recording a high of 78.15 during the morning trading of the current session. Technically, the positive signals from the stochastic indicator, stimulated by the …

Mixed trading dominated the movements of the euro-dollar pair during the previous trading session, recording its highest level at 1.0497, after it managed to consolidate temporarily above the resistance level published during the previous analysis 1.0420, to return to decline quickly as a result of approaching the resistance level of …

Mixed trading dominated gold prices yesterday, to be content with recording the first target of the previous technical report, at 1758, and approaching by a few points from the second target, 1767, recording the highest at 1764. Technically, gold prices retreated to the downside to test the floor of the …

The dollar fell sharply against the Japanese yen on Monday, as investors focused on rare protests in China that pushed the yuan to a two-week low. Protests against anti-COVID restrictions erupted across China and spread to several cities in the wake of a fire that killed 10 people in Urumqi, …

Gold prices fell on Monday after the dollar rose on demand for a safe haven sparked by protests in several Chinese cities over the strict restrictions to combat the Coronavirus. The spot gold price fell 0.4 percent to $1,748.84 an ounce at 0555 GMT. US gold futures fell 0.3 percent …

European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

Oil futures fell more than $2 a barrel on Monday, with U.S. West Texas Intermediate crude falling to an 11-month low as protests in China, the largest oil importer, over tough COVID-19 restrictions fueled concerns about demand. Brent crude fell $2.16, or 2.6 percent, to trade at $81.47 a barrel …