The Canadian dollar succeeded in completing the bullish correction journey, as we expected during all the reports this week, to reach its highest level at 1.2380. Technically, we find the pair succeeded in establishing a good support floor around 1.2300, accompanied by the positive motive for the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses within the expected bearish context during the last analysis, surpassing the official target of the downside at 1825, to record its lowest level at 1767. Technically, and by looking at the 240-minute chart, we see yellow metal has found a good support floor around 1768 …

The European single currency declined noticeably against the US dollar for two consecutive sessions, reaching as low as 1.1890. On the technical side, and with a closer look at the 4-hour chart, we find the current moves are showing some bullish bias but still limited. The simple moving averages continue …

Private sector employment in Canada increased by 101,600 jobs from April to May, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of 101,300 (revised from 351,300).

There were 412,000 initial claims for unemployment benefits in the United States during the week ending June 12. The data published by the US Department of Labor showed on Thursday. This reading came in weaker than the market estimate of 359,000 and followed the previous print of 375,000.

Gold tumbles under $1,800 in the wake of the hawkish Fed decision to be updated …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. Investor sentiment was hit by news that Turkish President Recep Tayyip Erdogan told President Biden that Turkey would not change its stance on the Russian …

It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …