Oil, Crude, trading

Positive movements dominated the pound sterling against the Japanese yen, building on 160.00, the psychological barrier support, rebound upwards, and reach the highest level at 162.74. Technically, we tend to be positive but cautiously, relying on the positive motive of the 50-day simple moving average and the apparent positive momentum …

Mixed trading dominated the movements of the Canadian dollar after the consumer price index data, to trade negatively again to around 1.2930 resistance for the second consecutive session, unable to penetrate it. Technically, and by looking at the 4-hour chart, we notice the stability of trading again below the 1.2870 …

Oil, Crude, trading

American crude oil achieved the first official target within the expected bearish path at the price of 86.40, recording as low as $85.75 per barrel. Technically, the daily trend is still bearish, with the continuation of the negative pressure of the simple moving averages, in addition to the price stability …

Negativity dominated the gold price movements after it failed to maintain its positive stability above the strong gold level at 1779, recording its lowest level at 1771. Technically, by looking at the 4-hour chart, we find a conflict in the technical signals. We found the simple moving averages pressing the …

The euro against the US dollar continues to decline within the expected negative outlook during the previous analysis, approaching a few points from the official station that is required to be touched at 1.0100, recording its lowest level in the last trading session at 1.0120. Technically, the pair’s intraday movements …

The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, August 17 at 02:00 GMT. After July’s central bank meeting, the RBNZ hinted at concerns about slowing growth. Even heading into July’s meeting, the Bank of New Zealand head of research warned that the latest …

European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …

As measured by the Consumer Price Index (CPI), inflation in Canada declined to 7.6% yearly in July from 8.1% in June, the data published by Statistics Canada revealed on Tuesday. This print came in line with the market expectation. The Bank of Canada’s (BOC) Core CPI, which excludes volatile food …