Oil, Crude, trading

GBP/JPY succeeded in touching the first target published in the previous analysis, at  151.70, recording a high of 151.95. Technically, the 50-day moving average still supports the daily bullish trend, in addition to the pair’s base on the support floor of 151.10/151.00. Therefore, we will maintain our positive outlook, targeting …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining positive stability. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to stabilizing trading above 1.2580. This increases the possibility that we will witness …

Oil, Crude, trading

Oil, Crude, trading

Gold prices are witnessing sideways trading in a narrow range that tends to be positive, gradually approaching the pivotal resistance level of 1823, which was previously referred to as the key to continuing the bullish trend, recording a high of 1820. Technically, by looking at the 4-hour chart, we find …

The single European currency continued to achieve gains for the third consecutive session without achieving the scenario of retesting the support published in the previous analysis to approach the required official target of 1.1880, recording its highest level at 1.1857. Technically, we believe that the continuation of the rise is …

As is widely expected, OPEC stuck to the plan to raise production by 400 barrels in October. The meeting is still going on to be updated…

Crude oil inventories in the United States decreased by 7.2 million barrels in the week ending August 27, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). Commenting on the data, “business Survey Committee panelists reported that their companies and suppliers continue to struggle at unprecedented …

The U.S. manufacturing sector saw an improving level of business activity last month, according to data released today. The manufacturing purchasing managers’ index (PMI) posted 59.9 in August, rising by 0.5% compared to 59.5 in july. Further details of the publication revealed that the Employment Index declined to 49 from 52.9 …