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.

Home sales in Britain during the month of July decreased by about 63%, after reducing a tax exemption aimed at encouraging home purchases during the Coronavirus crisis. The British Tax Office said Tuesday, August 24, that the number of homes sold in July, after adjusting for seasonal factors, was 73,740, …

The British pound maintained its gains against the US dollar and the euro, although it fell slightly in early trading on Tuesday. It maintained its gains that exceeded 1% during Monday’s trading, in conjunction with the recovery of risk appetite in global markets and the recovery witnessed in stock markets …

Gold prices fell on Tuesday, August 24th but hovered above the psychologically important $1800 level, as the growing threat from increased delta cases fueled expectations that the Federal Reserve may delay easing its accommodative stance. Spot gold fell 0.1% to $1,803.53 an ounce, after jumping about 1.4% on Monday. And …

European shares continued to recover on Tuesday, August 24, after a full US approval of a vaccine to prevent Covid-19 boosted Wall Street to record highs, while the latest data showed a stronger-than-expected economic recovery in Germany. The STOXX 600 index of European shares rose 0.3% by 07:11 GMT, after …