Gold prices fell on Friday, July 16, but remained on track to achieve gains for the fourth consecutive week, supported by the confirmation of the US Federal Reserve Chairman to stick to the accommodative monetary policy of the economic recovery. And the price of gold in spot transactions fell 0.3% …

European shares rose on Friday, July 16, after travel stocks rebounded, following sharp losses earlier in the week, while a slew of positive business results overshadowed concerns about the rising delta strain cases on the continent. The European STOXX 600 index rose 0.3%, making it destined to end the week …

Oil prices fell Friday, July 16, heading for their biggest weekly drop since at least May. Expectations of an increase in supply raised investor concerns, as OPEC is likely to raise production in line with a possible recovery in demand as more countries recover from the Covid-19 pandemic. The price …

The British Pound achieved the first bearish target published in the previous analysis, located at 151.60, to record its lowest level at 151.60. On the technical side, today, we tend to the negative, relying on the clear negative signs on stochastic, in addition to the stability of trading below 152.60. …

The Canadian dollar was able to complete the bullish correction referred to during the previous analysis, touching the official target station required to be achieved at 1.2600, recording its highest level at 1.2613. Technically, by looking at the 240-minute chart, we find the simple moving averages continuing to hold the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices continue to maintain their gains after it succeeded in building on the psychological barrier of 1800, touching the first target mentioned in the previous analysis at 1835, recording the highest of 1835. On the technical side today, with the price continuing to obtain a positive stimulus from the …

It has limited sideways trading that dominated the euro’s movements against the US dollar during the previous trading session within a gradual bearish tendency to the downside, touching the first target of 1.1810, recording a low at 1.1796. Technically, the current movements are witnessing a slight bullish slope. However, there …

The Index of the NY Fed’s Empire State Manufacturing Survey improved sharply to 43 from 17.4 in June. This reading fell short of the market expectation of 18 by a wide margin.