Oil, Crude, trading

GBP/JPY managed to achieve the expected positive outlook yesterday, touching the first target around 154.80, to record its highest level at 154.82. On the technical side today, the daily trend is still tilting to the upside due to the positive motive of the simple moving averages that continue to carry …

Oil, Crude, trading

The Canadian dollar failed to confirm breaching the psychological resistance level of 1.2500, which we mentioned during the previous analysis. Instead, it represents the key to the beginning of a bullish bias, which forced the pair to trade negatively again, recording the lowest level at 1.2434. Technically, today, and carefully …

Oil, Crude, trading

Gold prices witnessed positive, but still limited movements aimed at retesting the pivotal resistance level published during the reports of this month at 1768, and it is still stable below it so far. Today’s technical vision indicates the possibility of resuming the decline, relying on price stability below 1768 represented …

The single European currency continues to creep negatively against the US dollar, within the expected bearish context, gradually approaching the first target of 1.1500, recording its lowest price at 1.1524. Technically, the current moves are witnessing a slight bullish slope due to the positive signals coming from the RSI on …

The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous and below expectations of 24.0. The Current Conditions sub-index dropped to 21.6 in October as against 31.9 seen the previous month and 29.5 expected. The Eurozone ZEW Economic Sentiment for October …

Gold prices rose on Tuesday, October 12 as risk aversion and inflation concerns added to the yellow metal’s allure, but expectations that the US Federal Reserve would start cutting economic stimulus capped gains. Spot gold rose 0.3% to $1,759.56 an ounce by 07:20 GMT, while US gold futures rose 0.3% …