Oil, Crude, trading

GBP/JPY incurred a big day yesterday, recording its lowest level during the first trading sessions of this week, around the 160.10 level. There are currently limited positive movements, trying to benefit from the support level of 160.00. We find the stochastic indicator trying to provide additional momentum on the short …

US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …

The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …

Oil, Crude, trading

Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …

The euro started its first weekly trading with a noticeable decline against the US dollar after it found a pivotal resistance level of 1.0350 that forced it to decline, confirming the breach of 1.0275, and then 1.0200, recording its lowest level yesterday at 1.0147. Technically and carefully looking at the …

Recently released data indicated that the prices of new properties offered for sale in the United Kingdom decreased, at the highest pace in nearly two and a half years, by 1.3% in August. This led to a decline in the pace of real estate price growth in Britain from 9.3% …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, shed light on the latest developments in the financial markets: EURUSD The euro found a pivotal resistance level, representing one of the most important keys to the …

Turkey’s public budget deficit doubled to 64 billion Turkish liras in July, and Turkey’s general budget data showed a deficit of 31 billion liras in June, according to Treasury and Finance Ministry data. Turkey suffers from a significant rise in the inflation rate, as it recorded 79.6% in July, up …