Economic news

ADNOC Logistics' annual profits jump 138% to $620 million

ADNOC Logistics' annual profits jump 138% to $620 million

8 months ago

UAE Markets

Emirati Du profits in the fourth quarter of 2023 increased by 38.5%

Emirati Du profits in the fourth quarter of 2023 increased by 38.5%

9 months ago

UAE Markets

The UAE launches a fund to finance technology development for developing countries

The UAE launches a fund to finance technology development for developing countries

9 months ago

UAE Markets

$100 million credit facilities to export energy commodities from the UAE to global markets

$100 million credit facilities to export energy commodities from the UAE to global markets

9 months ago

UAE Markets

Emirati “Empower” records the highest revenues ever in 2023

Emirati “Empower” records the highest revenues ever in 2023

9 months ago

UAE Markets

February 14.. Americana’s Board of Directors discusses the results and dividends for 2023

February 14.. Americana’s Board of Directors discusses the results and dividends for 2023

9 months ago

UAE Markets

ADNOC expands its partnership with Malaysia's Petronas

ADNOC expands its partnership with Malaysia's Petronas

9 months ago

UAE Markets

The Emirati “Aldar” concludes a partnership agreement with “Carel International” worth $111 million

The Emirati “Aldar” concludes a partnership agreement with “Carel International” worth $111 million

9 months ago

UAE Markets

The decline in production and selling prices reduces the annual profits of the UAE’s Dana Gas by 12%

The decline in production and selling prices reduces the annual profits of the UAE’s Dana Gas by 12%

9 months ago

UAE Markets

More

A special deal on “Othaim Markets” shares worth 38 million riyals within trading levels

A special deal on “Othaim Markets” shares worth 38 million riyals within trading levels

8 months ago

Gulf Markets

The TASI index records its ninth consecutive increase... with the highest liquidity in 9 months

The TASI index records its ninth consecutive increase... with the highest liquidity in 9 months

9 months ago

Gulf Markets

OPEC Secretary General: Oil demand expectations are strong in the long term

OPEC Secretary General: Oil demand expectations are strong in the long term

9 months ago

Gulf Markets

Aramco begins trading in American crude as part of plans to expand its commercial activity

Aramco begins trading in American crude as part of plans to expand its commercial activity

9 months ago

Gulf Markets

“The First” recommends distributing two billion riyals for the second half of 2023

“The First” recommends distributing two billion riyals for the second half of 2023

9 months ago

Gulf Markets

Atheeb Telecom sets the period for trading priority rights and subscribing to new shares

Atheeb Telecom sets the period for trading priority rights and subscribing to new shares

9 months ago

Gulf Markets

Saudi Electricity Company raises $2.2 billion from an international sukuk offering

Saudi Electricity Company raises $2.2 billion from an international sukuk offering

9 months ago

Gulf Markets

The TASI index continues its gains, supported by energy and basic materials, amid improved liquidity

The TASI index continues its gains, supported by energy and basic materials, amid improved liquidity

9 months ago

Gulf Markets

Stock indices in Saudi Arabia rose by about 0.39% at the end of today’s session.

Stock indices in Saudi Arabia rose by about 0.39% at the end of today’s session.

9 months ago

Gulf Markets

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The value of the cryptocurrency market exceeds $2 trillion again

The value of the cryptocurrency market exceeds $2 trillion again

8 months ago

World Markets

Japan's Nikkei index hits 34-year high as chip stocks rise

Japan's Nikkei index hits 34-year high as chip stocks rise

8 months ago

World Markets

European stocks recover after inflation declines in Britain and positive business results

European stocks recover after inflation declines in Britain and positive business results

8 months ago

World Markets

Nvidia displaces Alphabet to become the third largest company on Wall Street

Nvidia displaces Alphabet to become the third largest company on Wall Street

8 months ago

World Markets

US inflation data topples gold from the throne of two thousand dollars

US inflation data topples gold from the throne of two thousand dollars

8 months ago

World Markets

The dollar stabilizes and the yen rises despite the contraction of Japan's economy

The dollar stabilizes and the yen rises despite the contraction of Japan's economy

8 months ago

World Markets

Oil declines after a more-than-expected increase in US inventories

Oil declines after a more-than-expected increase in US inventories

8 months ago

World Markets

Japan's Nikkei index slides from a 34-year high after a sell-off on Wall Street

Japan's Nikkei index slides from a 34-year high after a sell-off on Wall Street

9 months ago

World Markets

Investment fund pumps $200 million into Bitcoin and Ethereum before rally

Investment fund pumps $200 million into Bitcoin and Ethereum before rally

9 months ago

World Markets

More

Exclusive reports

Local
World

UAE's Mubadala leads a $400 million financing round for German insurance company Wefox

UAE's Mubadala leads a $400 million financing round for German insurance company Wefox

Wefox, an insurance technology company founded by former emp.. Read more

Saudi Arabian Centers distributes dividends to shareholders for the second half of 2022 with a total of 356.25 million riyals

Saudi Arabian Centers distributes dividends to shareholders for the second half of 2022 with a total of 356.25 million riyals

Arabian Centers Company has approved the distribution of cas.. Read more

The largest sovereign funds: "Abu Dhabi Investment Authority" advances to third place globally, with assets of $708.8 billion

The largest sovereign funds: "Abu Dhabi Investment Authority" advances to third place globally, with assets of $708.8 billion

The Abu Dhabi Investment Authority has advanced to the third.. Read more

Accumulated losses place Emirati companies on the "second category" screen, pending anonymity

Accumulated losses place Emirati companies on the "second category" screen, pending anonymity

Special Report - (Namazone): A group of companies listed.. Read more

Details 142 Saudi initiative to face the consequences of "Corona" B214 billion riyals

Details 142 Saudi initiative to face the consequences of "Corona" B214 billion riyals

Special Report (Nmazzon): The government announced that.. Read more

Will gold remain a safe haven asset?

Will gold remain a safe haven asset?

Gold has long been a source of controversy and contention am.. Read more

Global trade is expected to decline in the coming months

Global trade is expected to decline in the coming months

The economics department of Qatar National Bank (QNB) said t.. Read more

Analysis .. How will major central banks respond to the increasing cases of financial instability?

Analysis .. How will major central banks respond to the increasing cases of financial instability?

The global macroeconomic environment is experiencing some of.. Read more

The euro is below the dollar .. the lowest level in 20 years

The euro is below the dollar .. the lowest level in 20 years

For the first time in 20 years, the euro fell below $1 on Tu.. Read more

"OPEC"...The pressures of supply shortage will continue next year

"OPEC"...The pressures of supply shortage will continue next year

OPEC expected global demand for oil to increase next year, b.. Read more

EURCAD - May 16, 2023

EURCAD - May 16, 2023

14:26 2023-05-16

This post has been translated over google translator from original post in arabic

eToro ADS

The current price: 1.4665

Key point: 1.4620

Our preferred direction: buying positions above 1.4620 levels, targeting 1.4750 as a first target, then 1.4800 as a second target

Alternative scenario: stop loss and change direction by breaking 1.4620, targeting 1.4585

Technical comment
The Euro Canadian pair reached support levels on the H4 time frame 1.4585-1.4620, with the formation of a Harmonic BAT pattern with 88% Fibonacci retracement, so that the price is expected to rise to reach 1.4750-1.4800.

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