As expected, the Canadian dollar achieved noticeable gains within the positive technical outlook, touching the awaited target at 1.3030, recording its highest level at the beginning of the first trading sessions this week at 1.3070. Technically, and with careful consideration on the 4-hour chart, we find the pair confirmed the …

Oil, Crude, trading

US crude oil futures prices managed to retest the target mentioned in the previous analysis, surpassing the required target at 91.80, recording its lowest level at 91.10. Technically, prices returned to the bullish rebound once again, building on support level of 92.00 and supported by the positive motive coming from …

We adhered to intraday neutrality during the last report due to the conflicting technical signals, clarifying and warning that gold prices would break $1747 support level, targeting $1732, so that gold began the first trading sessions of this week to incur significant losses, recording the lowest $1723 during the morning …

Mixed trading dominated the movements of the euro against the US dollar at the end of trading last week, under the influence of the speech of the Federal Reserve Chairman at the Jackson Hole Forum. Technically, the euro hit the pivotal resistance level published during the previous report, located at …

As measured by the Personal Consumption Expenditures (PCE) Price Index, Inflation in the US declined to 6.3% in July from 6.8% in June, the US Bureau of Economic Analysis reported on Friday. This reading came in much lower than the market expectation of 7.4%. The Core PCE Price Index, which …

Royal Mail has said it is relying on a skeleton staff to deliver only “essential items” after 115,000 postal workers went on strike in year’s biggest industrial action so far. The 500-year-old postal service’s employees are striking on Friday, Wednesday next week and 8 and 9 September in a dispute …

The dollar held near two-decade highs against other major currencies on Friday ahead of a widely anticipated speech by Federal Reserve Chairman Jerome Powell at a Jackson Hole symposium. Traders are awaiting indications about the Fed’s monetary tightening plans to curb inflation when Powell speaks at 1400 GMT. The dollar …

European shares rose on Friday as Wall Street’s rally, supported by technology companies overnight, lifted its European peers, but the sentiment was affected by concerns about the pace of interest rate hikes and rising energy costs. The pan-European Stoxx 600 index rose 0.4%, and is heading to end the week …

Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …