Oil, Crude, trading

Negative trading returned to control the pound’s movements against the Japanese yen due to stability once again below the pivotal resistance level located at the price of 157.10/157.00, and the pair is witnessing stability near its lowest level around 155.75. On the technical side, today, we are inclined to negativity …

The Canadian dollar managed to consolidate, maintaining positive stability above the previously breached resistance level 1.2730, touching the first target at 1.2770, recording its highest level during the early trading at 1.2770. Technically, with the pair’s success in establishing a solid support floor in general above 1.2665, in addition to …

Oil, Crude, trading

Oil, Crude, trading

Gold prices jumped during the early morning trading after it succeeded in breaching the resistance level of 1905, explaining last Friday that the breach of the mentioned level can extend gold’s gains to visit 1916, recording its highest level at 1914. Technically, the price’s success in building an intraday basis …

The euro’s attempts to stabilize above the key supply area published throughout last week’s reports at 1.1380, which represents the key to the bearish trend, pushed the pair towards the target 1.1300, recording its lowest level during the morning trading at 1.1295. Technically, by looking at the 4-hour chart, we …

An OPEC + source told Reuters that the commitment of the producer group to oil production cuts rose to 129 percent in January, noting that some members are still finding it difficult to increase their production. This compares with 122 percent in December and 117 percent in November. The source …

Oil prices rose slightly on Monday after fresh diplomatic efforts to resolve the Ukraine crisis brought relief to markets over supply concerns that kept oil prices close to $100 a barrel. Brent crude futures rose 25 cents, or 0.3 percent, to $93.79 a barrel at 1000 GMT. US West Texas …

The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows. The bloc’s Services PMI …