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Technical analysis and Weekly forecasts about Forex, options and cryptocurrency.
GBPUSD rose during trading today, Friday, in light of the uncertainty about global economy due to the continuing of “Coronavirus” crisis. Russian President “Vladimir Putin” announced earlier this week that it had registered first vaccine in the world to prevent Coronavirus, but countries led by United States questioned its effectiveness and safety of use. European […]
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Oil Prices – 13th August 2020 Oil prices retreated during Thursday’s trading, giving up the gains it had recorded earlier today, despite the dollar’s decline against most major currencies. “OPEC” had mentioned in its monthly report expectations that global oil demand growth will contract by 9.1 million barrels per day this year compared to its […]
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Bitcoin Price – 12th August 2020 Bitcoin prices fell after refusal near $12,000. Bitcoin broke support of $11,800 but faced support at $11,500. Recently, there has been a recovery, but the price is still trying to gain upward movement above $12,000 resistance level. Likewise, most altcoins face major hurdles and show some signs of a […]
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Gold Price Forecast: 11th August 2020 Gold prices retreated during today’s trading, and the precious metal recorded its largest daily loss in about five months, amid profit-taking and breath-taking deals after the strong gains achieved by gold in recent times. US economic data showed that producer price index in the country rose by 0.6% during […]
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USD index rose on Monday against most of world currencies, to continue its raising for second consecutive day, as part of recovery from the lowest level in 27 months, supporting those operations hopes that officials in United States reached an agreement on new financial stimulus packages to support largest economy in the world In the […]
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Oil prices expanded from its decline with opening of US market on Friday, to continue its losses for the second day in a row, away from the highest level in five months, with continued corrections and profit taking, in addition to growing concerns about the recovery of US economy from pandemic of Coronavirus, especially after […]
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USD index rose on Thursday against most of global currencies, to hold above the 27-month low recorded earlier in the Asian market, as part of temporary recovery operations, this comes ahead of issuance of weekly subsidy requests in United States. USD index rose 0.2% to the level of 92.96 points, the opening level of trading […]
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Oil Price Forecast: 5th August 2020 The oil price rose in European Session to continue its increase for a fourth consecutive day, based on the large decline in crude stocks in the United States, according to data from US Petroleum Institute, and online brokers are awaiting official data later in this day, from the weekly […]
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Gold Price Forecast The gold price rose during trading on Tuesday, ending the transactions above the psychological barrier of two thousand dollars for the first time ever, in light of the negative stability of USD against most major currencies. Markets are still closely following the Coronavirus crisis, with the number of Coronavirus infections worldwide increasing […]
read moreBy: Asif Imtiaz
USD/CAD Forecast & Technical Analysis United States – Institute for Supply Management (ISM) Manufacturing PMI On Monday, at GMT 2:00 p.m., the Institute for Supply Management released its manufacturing PMI figure for the United States. The ISM’s US manufacturing PMI measures the level of a diffusion index based on a survey of 400 purchasing managers. […]
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