The Canadian dollar could trade within the bullish correction tendency indicated during the past weeks, recording the highest level at 12745. However, the intraday movements are witnessing temporary adverse movements that hit the resistance level 1.2730 23.60% correction. Technically, and carefully looking at the 4-hour chart, we notice that the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …

There was little change in the EUR’s movements against the US dollar, maintaining the negative activity close to the 1.1200 target. Technically, the price continuation and stability below the simple moving averages support the bearish curve in prices and gain solid bearish momentum in the short time frames. Therefore, we …

The White House announced during a press statement today, Tuesday, that the US President decided to release the strategic oil reserves of the United States of America, estimated at about 50 million barrels, within 3 months, to contribute to calming crude oil prices, especially since oil prices are high and …

The White House announced during a press statement today, Tuesday, that the US President decided to release the strategic oil reserves of the United States of America, estimated at about 50 million barrels, within 3 months, to contribute to calming crude oil prices, especially since oil prices are high and …

The dollar index rose to its highest level in 16 months and its strongest level in more than four years against the yen after the nomination of Federal Reserve Chairman Jerome Powell for a second term in office, which reinforced market expectations of higher US interest rates in 2022.The exchange …

Gold prices fell more than 2% today, Monday, as the US dollar jumped after the re-nomination of Federal Reserve Chairman Jerome Powell for a second term, This fueled expectations that the US central bank would continue the Fed policy. Gold in spot transactions was down 2.08% at $ 1806.20 an …

European shares fell to a three-week low on Tuesday, November 23, after a resurgence of Covid-19 cases and concerns about interest rate hikes dampened sentiment ahead of flash readings on business activity in the eurozone. The European STOXX600 index fell by 1% after Asian markets followed Wall Street’s lead in …