Oil, Crude, trading

Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00. Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals. From here, the bullish …

The Canadian dollar found a strong resistance level around 1.2720, which forced it to trade negatively again, settled below the 1.2660 level. Technically, the negative pressure from the 50-day moving average supports the possibility of a bearish bias, in addition to stabilizing intraday trading below the 1.2665 resistance level represented …

Oil, Crude, trading

Oil, Crude, trading

Gold prices traded positively during the last session, canceling the negative outlook as we expected. We depended on trading stability below the 1799 resistance level to record the highest at 1801. Technically, and by looking at the 240-minutes chart, we find the simple moving averages continue to pressure the price …

The euro saw positive trades during the previous trading session, but the positivity is still limited, and the current intraday movements are still below the resistance level of 1.1840. On the technical side today, and by looking at the 4-hour chart, we find the 50-day moving average that constitutes an …

There were 419,000 initial claims for unemployment benefits in the US during the week ending September 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 345,000 (revised from 340,000) and well below market expectations of 335,000

Gold fell in Thursday morning trading in Asia, remaining near two-week lows. The strengthening of dollar index futures also contributed to the losses of the yellow metal, while investors are also awaiting the latest policy decision of the European Central Bank. Also, gold futures fell 0.21% to $1,789.75 after reaching …

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.