The dollar started a data-packed week on the rise, with the immediate focus shifting to US inflation data, but investors are also concerned that the US Federal Reserve is preparing to exit its hyper-supportive stance even as COVID-19 infections rise. The dollar rose in Asian trading after recording its best …

Gold prices stabilized Monday, September 13th as the dollar rose, while investors were cautious ahead of US consumer price readings that could determine the Fed’s decision on when to begin tapering. Spot transactions settled at $ 1787.96 an ounce, while US gold futures fell 0.2% to $ 1789. The dollar …

Japanese stocks rebounded in late trading, pushing the Topix index to a three-decade peak Monday, September 13th, buoyed by optimism surrounding the country’s prime minister change and a drop in COVID-19 infections. The Topix index recorded a rise in the last 30 minutes of trading and ended the session with …

The German DAX index continues to trade negatively after hitting the resistance level 15,700, unable to breach it so far, to retest the 15,550 level. On the daily technical side, we tend to the negative with caution, relying on trading below the previously broken support-into-resistance 15,650, in addition to the …

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against the Japanese yen, heading towards touching the second target at 152.70, recording the highest level at 152.68. Technically, today, the pair’s current moves are witnessing a bearish slope due to hitting the resistance level of 152.70, which is our desired …

During the previous analysis, the Canadian dollar retested the required support level at 1.2580, recording a low at 1.2600, benefiting from the retest scenario published in the last analysis to rebound and retest 1.2720 resistance. Technically, and carefully looking at the 240-minute chart, we find prices stable above 1.2670, 61.80% …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated gold prices after it failed to stabilize for a long time above the resistance level of 1803, which forced it to retest the support level at 1785. Technically, we see gold started to pressure on the 1785 support level, as we find the simple moving averages continue …