GBP/JPY starts its first weekly trading with a solid bearish tendency after it failed to maintain trading above 162.10, recording its lowest level during the early trading of the current session at 161.27. Technically, the daily trend is still bearish due to stability below the previously broken support-into-resistance, which is …

The negative pressure returned to control the movements of the Canadian dollar after it found a strong resistance level at 1.2855, which forced it to trade negatively to retest 1.2790. Technically, taking a closer look at the 4-hour chart, we are inclined to the negativity based on stochastic losing the …

Oil, Crude, trading

The yellow metal prices achieved good gains at the end of last week’s trading for the third consecutive session, after it succeeded in building on the support floor of 1755, recording its highest level of 1767, taking advantage of the weakness of the US currency. Technically, by looking at the …

The euro showed upward movements against the US dollar, which continued its descending correction to its lowest level in 3 weeks to record the highest level last Friday at 1.0254. Today’s technical vision indicates the possibility of continuing the bullish bias due to the positive motive coming from the 50-day …

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, climbed to 6.8% on a yearly basis in June from 6.3% in May, the US Bureau of Economic Analysis reported on Friday. This reading came in higher than the market expectation of 6.7%. The Core PCE …

Shell ADR reported on Thursday’s second-quarter earnings that beat analysts’ forecasts and revenue that topped expectations. Shell ADR announced earnings per share of $3.06 on revenue of $100.06B. Shell ADR shares are up 18.48% from the beginning of the year, still down 16.63% from its 52 week high of $61.67 …

The Russian government said in a statement on Friday that it and Saudi Arabia remain firmly committed to the goals of the OPEC+ agreement to maintain market stability and balance supply and demand in global oil markets. Russian Deputy Prime Minister Alexander Novak met with Saudi Energy Minister Prince Abdulaziz …

The Eurozone economy expanded by 0.7% on the quarter in the three months to June of 2022, beating 0.2% expected and 0.6% previous, the preliminary release showed on Friday. On an annualized basis, the bloc’s GDP rate rose by 4.0% in Q2 vs. 5.4% booked in the first quarter of …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) accelerated by 8.9% in July vs. June’s 8.6%, the latest data published by Eurostat showed on Friday. The market consensus was for an 8.6% figure. The core figures rose to 4.0% YoY in July when compared to 3.8% expectations and 3.7% …