The Canadian dollar succeeded in touching the official price stop required during last Friday’s trading at 1.2480, recording its lowest level at 1.2465. Technically, the pair is trying to build on the 1.2480 level represented by the 50.0% Fibonacci correction, as shown on the chart. We also noticed positive crossover …

Oil, Crude, trading

The 1964 resistance levels limited the bullish bias, which formed strong supply areas that forced gold prices to retest the previously breached resistance-into-support level around 1942. On the technical side, the current gold movements are witnessing stability around the lowest level during the Asian session, around 1942, and by looking …

The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …

Russia’s foreign ministry said on Thursday that NATO is reaping terrible results from the decision to pump Ukraine with weapons, Reuters reported citing RIA news agency.These comments do not seem to be having a noticeable impact on the market mood. As of writing, the US Dollar Index was up 0.2% …

The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …

The United States said it will work with international partners to provide at least an additional 15 billion cubic meters of liquefied natural gas to Europe this year. US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to reduce …

The European Union has approved important new antitrust rules that could dramatically reshape the business models of tech giants Meta, Apple, Amazon and Google, and the rules are expected to take effect in October. The European Parliament and EU member states have reached a landmark agreement on the Digital Markets …

European shares fell for the third consecutive session on Friday, on course to end the week lower as the escalating Russia-Ukrainian conflict kept investors cautious as the weekend approaches. A decline in financial and technology shares erased gains in core and low-risk sectors, with the pan-European Stoxx 600 index falling …

On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in …