Oil prices rose for the second session on Thursday, compensating for losses incurred earlier in the session, as the market received support from the decline in US production in the Gulf of Mexico due to the damage caused by Hurricane Ida. By 0616 GMT, Brent crude rose 26 cents, or …

Gold fell, as the dollar’s rise and concerns about global growth affected risk appetite, while investors awaited any signals from major central banks after policymakers hinted at their support for reducing pandemic-era stimulus measures. Spot gold fell 0.1 percent to $1,788.11 an ounce, hovering near a two-week low reached in …

European shares fell, tracking Asian shares slump amid fears of slowing global growth, while expectations are growing that the European Central Bank will announce a timetable to slow bond purchases later in the day. The European Stoxx 600 index fell 0.8 percent to its lowest level in three weeks, and …

The Nikkei index fell from a six-month high to close lower on Thursday, in line with global markets as fears grew of slowing economic growth due to the mutated delta strain of the rapidly spreading Coronavirus. The Nikkei closed down 0.57 percent at 30,008.19 points, halting eight consecutive days of …

We stayed on the fence during the previous report due to the conflicting technical signals, explaining that activating the short positions requires a clear and robust break of the 15,790 support level, which puts the price under negative pressure with the first target at 15,745, to record 15,584. Technically, with …

Oil, Crude, trading

GBP/JPY failed to confirm breaching the psychological resistance level of 152.00, to return to trade negatively, touching the stop-loss order at 151.60, recording the lowest around 151.45. On the technical side today, the pair closed below the mentioned resistance level at 152.00, accompanied by the negative pressure of the 50-day …

The Canadian dollar jumped, achieving the bullish scenario as we expected. We relied on trading stability above the solid support floor 1.2600, heading towards touching 1.2720, recording the highest price at 1.2762. Technically, by looking at the 4-hour chart, we find the simple moving averages continue to hold the price …

Oil, Crude, trading

Oil, Crude, trading