Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

European shares fell 1% to their lowest level in nearly two months on Monday, September 20, tracking the impact of the decline in Asian shares, as investors fear that major central banks will begin to express indications about reducing their stimulus programs with the start of the pandemic when they …

GBP/JPY started its daily trading with a bearish bias, after it failed to stabilize for a long time above the 151.00 level. On the technical side, we tend to the negativity today, relying on the stability of trading below the mentioned resistance at 151.00, accompanied by the RSI gaining bearish …

The Canadian dollar achieved substantial gains last week, touching the first target required to be achieved in the previous analysis, which is located at 1.2770, to start its daily movements positively, recording the highest 1.2800. Technically, today, the bullish trend is still valid and effective, relying on the stability of …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …

The single European currency faced intense selling pressure at the end of last week’s trading within the bearish context, as we expected, touching the second official leg of the current downside wave at 1.1700, recording the lowest level at 1.1708. Technically, the negative pressure coming from the 50-day moving average …

Wall Street US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week a busy week with economic data, fears of an increase in corporate taxes, the mutated delta strain of the Coronavirus, and possible shifts in the schedule for the US Federal …

The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …