Positive attempts by the Canadian dollar to maintain positive stability after it built a strong support level at 1.2885 within a gradual ascent to the upside. Technically, we tend to the positivity, relying on the positive motive coming from the 50-day simple moving average, which continues to hold the price …

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis due to the conflict of technical signals, explaining that activating the buying positions requires coherence above 1842, which enhances the possibility of touching 1846 and 1850, respectively, and extends the targets to visit 1860 so that gold reaches its highest level …

The previous trading session witnessed the performance of the single European currency, which achieved a noticeable rise to reflect the expected negative outlook during the last analysis, in which we relied on the stability of trading below the pivotal resistance level of 1.0500 and, most importantly 1.0550. We indicated during …

After the US unemployment data today recorded negative results compared to what analysts expected, recording a decrease of 3000 last week, the market risk appetite was affected. Risk appetite increased on the US dollar during today’s trading after the Federal Reserve’s interest statement yesterday, which announced the US Central Bank …

Oil prices pared earlier gains and fell on Thursday, after a day of sharp declines caused by US interest rate hikes, but the attention was still focused on the supply shortage. Brent crude futures fell 45 cents, or 0.4 percent, to $118.06 a barrel, while West Texas Intermediate crude futures …

The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority – Catherine Mann, Jonathan …

European shares fell on Thursday after the US Federal Reserve’s decision to raise interest rates bolstered fears of a possible recession at a time when global economies are facing soaring inflation. The pan-European Stoxx 600 index was down 0.4 percent by 0710 GMT, although European stock futures recovered overnight after …

The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …

An OPEC+ document seen by Reuters and citing secondary sources showed on Thursday that Russia’s crude oil production rose to 9.273 million barrels per day in May from 9.159 million in April. Total production by members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, …