The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …

The Canadian dollar benefited from building a base on the strong support level located at 1.2630, which forced the pair to trade positively during the last trading session, to retest the previously broken support level of 1.2770. From the angle of technical analysis today, and with careful consideration on the …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices declined noticeably yesterday, after it recorded the highest level of $ 1831 per ounce, to find a strong resistance level around the mentioned level, which forced it to retest the pivotal support level at 1797. On the technical side today, and by looking at the 240-minute …

The single European flag faced selling during the last trading session due to hitting the strong supply level at 1.1380, which forced it to trade negatively to retest the psychological support level of 1.1300. Today’s technical aspect indicates the possibility of continuing the decline. With a closer look at the …

The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …

Three sources from the OPEC + group said that the alliance is closer to committing to its plans to increase production in February, with a slight and short-term impact on demand from the Coronavirus, Omicron is likely. In a technical report seen by Reuters on Sunday, OPEC+ downplayed Omicron’s impact …

Oil prices rose on Monday as the market started 2022 positively ahead of a meeting of the OPEC+ group on Tuesday, although the increase in COVID-19 cases continued to dampen demand sentiment. Brent crude, the global benchmark, rose 59 cents, or 0.76 percent, to $78.37 a barrel by 0440 GMT. …

The Turkish lira fell 5 percent on Monday, after it witnessed its worst performance in 2021 since President Recep Tayyip Erdogan came to power nearly 20 years ago, with persistent fears of high inflation and unconventional monetary policy. The lira fell to 13.92 pounds to the dollar, after it closed …