Negative pressure dominated the movements of the EUR/USD pair yesterday, within the bearish technical outlook, as we expected, in which we relied on trading stability below the resistance of the psychological barrier 1.1000, heading to touch the first target to be achieved at 1.0950, recording its lowest level at 1.0952. …

The dollar consolidated its gains on Tuesday as dealers struggled to keep pace with the divergent growth forecasts of the world’s two largest economies, but they took little notice of a disappointing new batch of Chinese trade data. Data on Tuesday showed China’s imports and exports fell much faster than …

Gold prices fell on Tuesday as the dollar regained some stability amid investors’ anticipation of US inflation data due this week to get a clearer picture of the prospects for raising interest rates. Spot gold fell 0.2% to $1933.24 an ounce by 0645 GMT, and US gold futures fell 0.1% …

European stocks fell on Tuesday as Italian banks came under pressure after the cabinet approved a 40 percent tax on bank windfalls, and persistent inflation in Germany and weak trade data in China weighed on risk appetite. The pan-European Stoxx 600 index was down 0.3 percent by 0707 GMT. Shares …

The Japanese Nikkei index rose on Tuesday, supported by the rise of US stocks last night, but caution prevailed as the local companies’ results announcement season approached its peak. The best-performing stocks were driven by financial results and showed no signs of other major factors driving the markets, however a …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar was able to achieve the bullish scenario, as we expected, within a gradual rise to the upside, in which we relied on trading remaining above the 1.3300 support, a few pips away from the first target of 1.3410, recording the highest 1.3400 during the early trading of …

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts yesterday. As a reminder, we indicated that closing at least an hour’s candle below the support level of 81.80 puts the price under negative pressure to find the price retesting the support of the ascending channel. We ended its …