Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained optimistic about a quick recovery in global oil demand and as concerns eased about an early return of Iranian crude. Brent crude futures for August delivery rose 29 …
Read More »Gold Rises Thanks to Weak Dollar Before Powell’s Testimony
Gold rose today as the bullish trend of the US dollar stalled, which increased the attractiveness of the yellow metal ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress. Spot gold rose 0.3% to $1,787.80 an ounce), after rising 1% in the previous session. And the yellow metal rose …
Read More »German Dax Returns to The Bullish Rebound
Positive trading re-dominated the movements of the German DAX index, recording its highest level during the early trading of the current session at 15,637. On the technical side, by looking at the 60-minute chart, we find that the RSI continues to defend the bullish trend within attempts to obtain bullish …
Read More »Dow Jones Start Positive
Positive trading returned to dominate the movements of the Dow Jones Industrial Average on Wall Street, benefiting from building on 32,940 support level. On the technical side today, and with a closer look at the 60-minute chart, we find that the RSI continues to defend the positive moves. From here, …
Read More »GBP/JPY:ِ Settled Above Support
The Pound against the Japanese Yen found a good support level near 151.50, which forced the pair to rebound upwards to retest the 153.65 resistance level. On the technical side, we tend to be positive, but with caution, relying on the stability of the intraday trading above 153.00, accompanied by …
Read More »Canadian Dollar: Witness Temporary Negative Pressure
The Canadian dollar traded with the first trading of this week within a slight bearish slope, after several consecutive sessions of corrective ascent. From the point of view of technical analysis today, and with careful consideration of the stochastic indicator, we find that the indicator is clearly trading around oversold …
Read More »The Pound Hovers Around The Resistance And Positivity Needs Confirmation
Oil, Crude, trading
Read More »Crude Oil Continues to Record Gains
Oil, Crude, trading
Read More »Gold Between Trend, Correction, And Negativity Based Scenario
Positive trades dominated the gold price movements during the previous trading session, within a limited upward bias to retest the 1790 resistance level. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …
Read More »Euro: Trying to Recover And Positivity Still Limited
Positive attempts by the euro against the US dollar, but still limited positivity, within the euro’s attempts to restore the bullish path temporarily, benefiting from the consolidation at the 1.1880 support level. Technically, and by looking at the 60-minute chart, we find the 50-day moving average trying to push the …
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