Oil, Crude, trading

The British pound continued to rise against its Japanese counterpart, within the positive outlook, as we expected, touching the target of 158.20, posting a high of 158.20. Today’s technical aspect indicates the possibility of continuing the rise due to building on 157.30 support floor, accompanied by the positive motive for …

The Canadian dollar touched the official target mentioned in the previous analysis, at 1.2310, recording its lowest level in the last session’s trading at 1.2310. Technically, the pair tried to achieve some bullish rebound as a result of taking advantage of the published support 1.2310 to retest 1.2380; we notice …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices achieved the positive outlook as we expected yesterday, to retest the target at 1785, recording its highest level at 1785. On the technical side, the resistance level represented by the target managed to cap the bullish bias, which forced gold to trade with intraday negativity to …

The single European currency provided positive trading within the expected bullish path, approaching a few points from the first official target at 1.1680 to record the highest level of 1.1670. Technically, and by looking at the 60-minute chart, we notice the pair is now hovering around the 1.1640 resistance level, …

Today’s trading was quiet, except for the release of the Australian Reserve meeting minute early this morning, which had a slight impact on the risk appetite in the markets. The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in …

Housing Starts in the US declined by 1.6% on a monthly basis in September after rising by 1.2% in August, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development revealed on Tuesday. The Building Permits, which rose by 5.6% in August, …

In its latest policy papers, the Organization for Economic Co-operation and Development (OECD) warned that the world will likely face massive financial difficulties in the coming decades, worse than the ballooning public debt seen during the COVID-19 pandemic. According to the long-term scenario, the slowdown in large emerging economies, demographic …