The British pound fell against the Japanese yen to reverse yesterday’s expected daily bullish trend. It touched the stop-loss order published during the last analysis at 161.40, recording its lowest level at 161.16. Technically, the pair’s current moves are witnessing a return to pivot below the resistance level of the …

The Canadian dollar touched the first mentioned ascending target during the previous session, at 1.3050, recording its highest level at 1.3060. Technically, the pair hit the strong resistance level represented by the target of 1.3050 to witness the current movements a bearish slope accompanied by the clear negative signs on …

Oil, Crude, trading

Mixed trading tilted to the positive dominated the US crude oil futures prices yesterday, to witness the current movements return to the bullish track and hovering around its highest level during the early trading of the current session 91.00. Technically, the positive motive for the 50-day simple moving average supports …

As we expected, a negative trading session witnessed gold price movements within the official descending path, touching the official price target for yesterday’s session at 1727, recording the lowest at 1727. On the technical side today, the negative pressure from the simple moving averages continues, which supports the continuation of …

The euro continues to bleed losses against the US dollar, as we expected during the technical report issued yesterday, heading to touch the target price station at 0.9940, recording its lowest level during the morning session of today’s session 0.9925. Technically, the pair is trading around pivotal areas that must …

The People’s Bank of China lowered the one-year base loan rate by 5 basis points to 3.65% at the central bank’s monthly fix on Monday, while the five-year base loan rate was lowered by 15 basis points to 4.30%. This came on the heels of last week’s surprising decision to …

Ukraine’s agricultural exports are likely to rise to around 4 million tons in August from 3 million tons in July, thanks to a U.N.-brokered deal to lift the blockade of Ukrainian seaports, the deputy head of Ukraine’s agricultural council said on Monday. In televised comments, Denis Marchuk, whose council represents …

Refinitiv Eikon data showed Monday that Turkey had doubled its imports of Russian oil this year as the two countries prepare for broader cooperation in trade, especially in the energy sector, despite Western sanctions against Moscow. Trade between Turkey and Russia has been booming since the spring when Turkish companies …

Two sources from OPEC+ said that the bloc’s production was 2.892 million barrels per day lower than its target levels in July, as sanctions imposed on some members and reduced investment by others hampered the group’s ability to increase production. The two sources said compliance with production targets reached 546 …