Oil prices varied on Friday, July 9, and are still on track to incur a weekly loss, between optimism due to the decline in US inventories, and uncertainty about global supplies due to the impasse currently afflicting OPEC +. Brent crude futures fell only three cents to $74.09 a barrel, …

Japanese stocks plunged to an almost 8-week low on Friday, July 9, on fears of a slowing economic recovery after the country declared a state of emergency to curb the outbreak of the Coronavirus, but losses were curbed by hopes that the Bank of Japan might intervene to support the …

The German DAX index incurred heavy losses in the last session, touching the stop-loss order published in the previous analysis at 15,445, recording its lowest level at 15,286. On the technical side, the index broke the support-into-resistance level of 15,540, with the negative pressure of the 50-day moving average. It …

Oil, Crude, trading

The British pound incurred strong losses against the Japanese yen, as we expected, touching the official target station 150.60. On the technical side today, the bearish trend is still the most preferred, based on the breach of the support level 152.00/152.10, which is now turned into a resistance level. Therefore, …

The Canadian dollar achieved strong gains during the previous trading session within the expected bullish context, touching the first target of 1.2565 and approaching by a few points at the official station 1.2600, to record its highest level at 1.2592. Technically, with stable intraday trading above 1.2500 and in general …

Oil, Crude, trading

Oil, Crude, trading

Mixed trading dominated gold prices during the previous trading session, to find the price stable between 1797 and 1815. Technically, and carefully looking at the 4-hour chart, we find the 50-day moving average holding the price from below, in addition to the stability of the intraday trading above the strong …

The movements of the euro against the US dollar witnessed a slight bullish tendency, trying to stabilize above the support level of 1.1780, and the pair is now hovering around its highest level during the morning trading of the current session 1.1837. On the technical side today, despite the bullish …