Oil, Crude, trading

A gradual rise for the Canadian dollar within the expected positive outlook during the previous technical report, approaching a few points from the published target of 1.3750, recording its highest level of 1.3737. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair …

japanese-yen

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts to temporarily reverse the expected downward trend, indicating that the attempt to stabilize trading above 89.40 is leading oil prices to retest 90.40, recording its highest level of $89.23 per barrel. Technically, oil prices failed to maintain their trading …

The technical outlook remains unchanged, and gold’s movements did not change significantly, trying to retest the 1830 resistance level, maintaining negative stability below it. Technically, the simple moving averages are still a factor of negative pressure on the price from above, in addition to the stability of intraday trading below …

Attempts that tended towards a marginal rise witnessed the movements of the EUR/USD pair approaching retesting the resistance level of the 1.0500 psychological barrier, which has been stable below it until now. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair failed …

The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …

Gold selling continued on Tuesday and recorded the longest losing streak since August 2022 in the last session after Federal Reserve (US central bank) officials confirmed the possibility of interest rates remaining high, while job vacancy data in the United States is released later on Tuesday. Gold fell in spot …

European stocks extended losses on Tuesday as rising US Treasury yields and the dollar pressured high-risk assets such as stocks and commodities, while a pessimistic outlook from the financial brokerage sector weighed on fashion retail companies. Strong economic data and the US Congress’ approval of a financing bill to avoid …