Oil prices extended their upward trajectory on Monday, reaching a five-month high on worries about potential supply disruptions impacting major importers like China and India. These concerns stem from the wide-ranging sanctions imposed by the US on Russia, targeting oil executives, traders, and a significant number of vessels involved in …
Read More »Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and a member of the American Association of Technical Analysts, highlighted that markets are closely. Q: Let’s start with gold prices, which recorded significant gains over the past year. Do current conditions …
Read More »Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …
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WTI futures were trading at $70.98 per barrel. WTI prices are lower by 3.35% so far this year. In the past 24 hours, Brent futures have increased by 1.95% to trade at $74.11/bbl. Brent prices have dropped by 6.26% so far this year. Although prices for West Texas Intermediate have …
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The Canadian dollar is experiencing limited momentum as markets flatten out in a quiet North American trading session. The Bank of Canada’s rate decision on Wednesday is expected to have a limited impact on the Canadian dollar. The latest New Housing Price Index figures from Canada are due in the …
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The Canadian Dollar has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direction and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index (PMI) that soundly thumped market expectations.The Bank of Canada is …
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The US dollar suffered on Tuesday as Wall Street concluded with gains. The price of crude oil slightly declined while trading in narrow bands. Prices for commodities fluctuated, holding onto recent gains. The Middle East scenario is still a source of uncertainty.For the first time since August, the EUR/USD price …
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The Canadian dollar continues to sink against the US dollar due to broad-market risk-off flows. Oil-dependent Canadian dollar is receiving only minor support from crude oil prices, which are seeing a minor rebound after halting a three-day decline. Canada has both Purchasing Manager Index (PMI) and Employment Rate figures due …
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The Australian Dollar has rebounded after a depressing finish, possibly due to the surge in crude oil, Australia’s second-largest export. The AUD recovered against its US counterpart on Monday, rising up to a band of major Moving Averages in the 0.6700 zone. The Australian Dollar managed to shrug off downbeat …
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The WTI crude oil clings to mild gains around two-week high, up for the third consecutive day. Clear break of six-week-old falling resistance line, weekly bullish channel keep Oil buyers hopeful.Overbought RSI as well as cautious mood prevail across oil markets ahead of key US data. WTI crude oil sellers …
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