Oil, Crude, trading

GBP/JPY was able to approach by a few points from the target published during the last analysis at 165.30, recording its lowest level at 165.40. On the technical side, we tend to be positive but cautiously, relying on the clear positivity features on stochastic, in addition to the intraday pivot …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …

Oil, Crude, trading

After several consecutive sessions in which we committed to neutrality due to the range that dominated the movements of gold during this week’s trading, activating the selling positions requires a clear and strong break of the 1820 level, targeting 1810, touching a target of 1811. On the technical side, today, …

The euro failed to maintain its recent gains against the US dollar after its inability to stabilize above the resistance level of 1.0500, which forced it to break the psychological support level of 1.0500. It is currently trading around the support level of 1.0460. Technically, and with careful consideration of …

Oil prices rose on Wednesday for the fourth consecutive session after fears of a lack of supply outweighed concerns about a global economic slowdown. Brent crude futures, the benchmark for August, saw little change to $117.9 a barrel by 0917 GMT. The August contracts expire on Thursday, and the September …

A mixed start to the new trading week, one in which the bulk of the significant market-moving events is due from Wednesday onwards. That may make for choppy trading over the next couple of days, in line with what we’ve seen so far in Europe. We will still hear from …

European shares fell on Wednesday after concerns about a global recession outweighed recent optimism over the lifting of lockdown restrictions in China. The pan-European Stoxx 600 index fell 0.7 percent by 0708 GMT, ending a three-day rally after a gruelling overnight session on Wall Street on the back of bleak …

Japan’s Nikkei index ended a four-session rally on Wednesday, dragged down by major technology stocks, after Wall Street fell sharply overnight on fears of an economic slowdown. The Nikkei index closed down 0.91 percent at 2,6804.60 points. The broader Topix index fell 0.72 percent to 1,893.57 points. Wall Street’s main …