GBP/JPY touched the bullish target required to be achieved during the previous trading session, at 157.40, bypassing the target station, to record its highest level around the psychological barrier of 158.00. On the technical side today, the pair failed to maintain its gains due to hitting the resistance level at …

The movements of the Canadian dollar witnessed positive trades after it ended its daily transactions above the pivotal support floor published during all the reports of this week 1.2665, which forced it to rebound upwards stable above the resistance level of 1.2730. Technically, the return of the simple moving averages …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices managed to touch its target at 1842, recording its highest level during the last session’s trading of 1842, returning to the negativity again due to hitting the resistance level of 1842 represented by the first bullish target. Technically, by looking at the 4-hour chart, we notice …

The movements of the Euro against the US dollar witnessed a mixed session, approaching by a few points from the first official station targeted in the previous analysis at the price of 1.1510, posting the highest level of 1.1495, to trade again on the negative side due to approaching the …

The US data was the highlight during the previous period. There were 223,000 initial claims for unemployment benefits in the US during the week ending February 5, the data published by the US Department of Labor revealed This reading came in better than the market expectation of 230,000. Inflation in …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.5% on a yearly basis in January from 7% in December, the US Bureau of Labor Statistics reported on Thursday. to be updated…

The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report that it left the 2022 world oil demand growth forecast unchanged at 4.15 million barrels per day (bpd), as reported by Reuters. Crude oil prices showed no immediate reaction to this publication and the barrel of …

Oil prices continued to rise on Thursday after a sudden drop in US crude oil inventories in the previous session, while investors awaited the outcome of US-Iran nuclear talks that could lead to a rapid increase in crude supplies in global markets. The price of Brent crude rose 34 cents, …