Oil, Crude, trading

Mixed trading dominated the movements of GBP/JPY, and trading is still limited between 155.90 and 156.90. On the technical side, the current moves are witnessing intraday stability above the 156.10 support level, accompanied by the attempts of the 50-day moving average to push the price to the upside. We may …

The Canadian dollar witnessed mixed movements during last week’s trading after hitting the pivotal resistance level at 1.2610. Technically there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility of a rise, the attempts of Stochastic to get positive signs, …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal started the current session’s trading with a bearish tendency after difficulty surpassing the upside and settling above the strong resistance level located at 1826 price, which forced it to move negatively and stable around its lowest level during the early trading of the current session 1816. Today’s …

Negative trades returned to dominate the euro’s movements against the US dollar, after it found a strong resistance level near 1.1480, to start the first weekly trading on a bearish slope. It is now hovering around the psychological support level of 1.1400. Technically, and carefully looking at the 4-hour chart, …

A Moscow court said on Monday it has fined Alphabet Inc’s Google 4 million Russian rubles ($52,526) for providing access to content banned in Russia, the latest in a string of fines for the US tech giant. Russia has stepped up its efforts to pressure big tech companies, imposing huge …

The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …

Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …