The Canadian dollar maintained the bullish bias that started at the end of last week’s trading to cancel the idea of retesting the support published during the previous analysis and continues the positive stability above 1.2600. Technically, we tend to the positivity, relying on the positive signs of the 14-day …
Read More »GBP presses support again 12/4/2022
Oil, Crude, trading
Read More »Gold touches the target 12/4/2022
Positive moves dominated gold prices during the first trading sessions after it succeeded in liberating from the sideways path so that gold could breach the 1940 strong supply zone, touching the first official target required during the previous analysis. Technically, we tend to the positivity, relying on the stability of …
Read More »The Euro is Testing Resistance 12/4/2022
The single European currency retested the resistance within the expected limited positive scenario, touching the target at 1.0930, recording its highest level during the last session at 1.0932. Technically, by looking at the 4-hour chart, we find that the pair returned to stability below the descending channel’s resistance, accompanied by …
Read More »Oil below $100 due to withdrawals and fears of a closure in China
Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …
Read More »Palladium jumps 5% on supply concerns, inflation risks lift gold prices
On Monday, palladium prices jumped 5 percent to their highest level in more than two weeks, driven by supply concerns after trading of the metal was suspended from Russia, while gold prices increased due to inflation tension caused by the war in Ukraine. Palladium rose 4.5 percent to $ 2534.40 …
Read More »The Russian oil embargo may be part of the next EU sanctions package
The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …
Read More »Ukraine can export 600,000 tons of grain and oilseeds per month
With the Black Sea ports closed, Ukraine can export 600,000 tons of grain and oilseeds per month, but may increase its export capacity to 2 million tons, the Ukrainian Grain Traders Union (UGA) said on Monday. Ukraine used to export almost all of its grains and oilseeds through seaports but …
Read More »The Euro Begins to Recover
The euro appeared to be on its way on Monday to end a seven-day losing streak against the dollar, as the European single currency rallied after French President Emmanuel Macron defeated far-right rival Marine Le Pen in the first round of the presidential election. Investors’ concern about the future trends …
Read More »UK: Real GDP Grows by 0.1% in February
The data published by the UK’s Office for National Statistics showed on Monday that the real Gross Domestic Product grew by 0.1% on a monthly basis in February. This print followed January’s expansion of 0.8% and missed the market expectation of 0.3%. Other data from the UK revealed that the …
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