Gold prices retreated on Thursday from their highest level in nearly seven months as the dollar strengthened and investors shied ahead of closely watched US jobs data, which could affect the path of the Federal Reserve’s interest rate hike. Spot gold fell 0.3 percent to $1,848.59 an ounce by 0924 …

Japan’s Nikkei index recovered on Thursday from its lowest level in three months as shares of chip-related companies rose, tracking their US counterparts, but expectations of the world’s major central banks continuing to pursue monetary tightening limited gains. The Nikkei ended the session up by 0.4 percent, recording 25,820.80 points, …

Oil, Crude, trading

The Canadian dollar failed to surpass the pivotal resistance level published in the previous report at 1.3.680, explaining that it represents the key to protecting the bearish trend, which forced it to trade with noticeable negativity to break the support level of the psychological barrier of 1.3600, heading to visit …

Oil, Crude, trading

As we expected during the previous technical report, big losses were incurred by the prices of US crude oil futures contracts, touching the official target to be achieved at 73.40, recording its lowest trading for yesterday’s session at 72.80. Technically, with the continuation of the negative pressure coming from the …

Gold’s movements showed an upward trend within the expected technical path in the previous report, touching the first official target station at the price of 1865, recording its highest level at 1865. Technically, the daily trend is still bullish, with the simple moving averages continuing to provide a positive impulse, …

We adhered to our intraday neutrality during the previous report, due to conflicting technical signals, to find the EUR/USD pair moving in a narrow path confined from below above the support level of 1.0520, and from above below the resistance level of 1.0630. On the technical side today, we find …

The dollar fell on Wednesday against commodity-linked currencies such as the Australian dollar and against the euro, which was supported by a batch of data indicating that European inflation may have run its course. The dollar was already under pressure from investors who were increasingly optimistic that China’s easing of …

The euro stabilized on Wednesday, January 4, and high-risk currencies recovered thanks to optimism that China’s lifting of Covid restrictions would boost growth, while investors’ focus shifted to US data and the Federal Reserve. The euro had lost 1% overnight, its biggest drop in more than two months after a …