Oil, Crude, trading

Divergent movements dominated the trading of the British pound against its Japanese counterpart, to fail to achieve the scenario of retesting the resistance published during the previous analysis, and as we explained during the last analysis that the decline below 158.50 will immediately stop the expected bullish trend and put …

Quiet trading tilted to the negative, dominating the movements of the Canadian dollar within a gradual decline to the downside, as we expected, approaching by a few points from the published target 1.2775, recording a low at 1.2783. From the angle of technical analysis today, the current trading levels for …

Oil, Crude, trading

Positive movements dominated gold prices to reflect the temporary bearish trend referred to during the previous report, in which we relied on the stability of trading below 1830, and to remind us, we explained yesterday that skipping upwards above 1830 leads gold directly to visit 1842, recording the highest 1849, …

The support levels published during the previous report at 1.0460, managed to limit the bearish bias, as the euro successfully retested the mentioned level, trying to maintain stability above the resistance level of the psychological barrier of 1.0500. Technically today, and by carefully looking at the 240-minutes, we notice the …

According to a report from the Federal Reserve Bank of Philadelphia released on Thursday, the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey slid to 2.6 in May from 17.6 in March. That was well below the expected decline to 16.0 and was the lowest reading since May …

There were 218,000 Initial Jobless Claims in the week ending on 14 May, a tad above the expected rise to 200,000 from 197,000 one week ago, data released by the US Department of Labour on Thursday showed. That meant the four-week average number of claims rose to 199,500 from 191,250 a week …

Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth. The price of gold in spot transactions jumped 0.8 …

European shares fell 1.7 percent on Thursday after heavy selling on Wall Street, as weak results from retail companies highlighted the impact of high inflation on the world’s largest economy. European retail stocks fell, following in the footsteps of their American counterparts, by 2.4 percent and was the biggest loser …