Oil prices rebounded on Wednesday, August 25, to catch a breath after a strong rally this week due to the loss of a quarter of Mexico’s production and evidence that China, the world’s largest importer of crude, has contained the latest outbreak of the Coronavirus. Brent crude futures fell 25 …

The German DAX index recorded its highest level at 15,920, near the pivotal resistance level published in the previous analysis, at 15,930, which we indicated is an essential and fundamental condition for achieving more gains. On the technical side today, we tend in our trading to the positive, but cautiously, …

Oil, Crude, trading

The GBPJPY pair saw positive moves, reaching the resistance level of 151.00, a psychological barrier. On the technical side today, we ten to the negativity in our trading, relying on the stability of below 151.00, in addition to stochastic losing the bullish momentum gradually. Therefore, the bearish bias is likely …

The Canadian dollar succeeded in retesting the target published in the previous analysis, touching the required target located at 1.2580 to record the lowest price at 1.2577. Technically, and by looking at the 60-minute chart, we find that the RSI started sending positive signals, accompanied by the pair’s stability above …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality for the second session in a row, explaining that although we tend to be positive, we prefer to confirm the breach of 1808, explaining that it represents the key to protecting the bullish trend. Technically, today’s gold is witnessing stability below the mentioned resistance level. …

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, within a limited upward bias, touching the first target to be achieved at 1.1760, recording the highest level at 1.1765. Technically, and with careful consideration of the 60-minute chart, we find that the …

The Federal Reserve Bank of Philadelphia’s business activity index declined to 39.1 in August from 53.8 in July. Further details of the publication showed that the Firm-level Business Activity Index declined to 37.2 from 44.8 and the Full-time Employment Index declined to 8.2 from 24.8.