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Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts at the beginning of this week’s trading, recording a low of $64.40 per barrel. Oil prices are trying to provide some recovery, benefiting from the intraday stability above 65.60. However, upon closer look at the chart, we find that …

Gold prices continue to achieve successive increases to begin the first trading of this week on the rise, recording its highest level of $2009 per ounce, to begin a rapid decline to the downside, ending the previous session’s trading around 1978. On the technical side today, a closer look at …

Quiet movements dominated the euro-dollar pair with a gradual rise to the upside, recording its highest level during the previous session’s dealings, near the pivotal resistance of 1.0740. From the angle of technical analysis and by looking at the 240-minute chart, we notice that the 50-day simple moving average continues …

The currency market reacted to the uptick in market’s sentiment on Monday. The Fed’s meeting and banking industry developments will be the main influences on the upcoming sessions. On early Tuesday, the FOMC meeting gets started. The Fed is in a challenging situation. The market is pricing a 70% probability …

At the start of Tuesday’s Asian session, Western Texas Intermediate registers only slight losses. The current increase in WTI was a result of the weaker US Dollar and positive risk appetite.The outcome of monetary policy decisions by two significant central banks might drive down oil prices. The US benchmark crude …

On Tuesday, S&P analysts think it is doubtful that the failure of several US banks will prevent authorities from continuing their efforts to control inflation.The global rating agency also mentioned that the decision to write off Credit Suisse’s AT1 bonds may contribute to a higher cost of capital for banks.On …

The EUR/USD pair is trading at about 1.0722 and is aiming towards 1.0750 as risk appetite among investors has improved. To regain market participants’ confidence, the Fed may decide to postpone further rate increases. ECB Lagarde affirms that the exposure of Eurozone banks to Credit Suisse was measured in millions …

Bulls have entered the GBP/USD pair on identical highs, while Bears are hiding, and 1.2200 is a crucial support. Investors’ rushing flight to safety around the most recent revelations in the banking industry has eased, and GBP/USD has risen over the 1.22 level for the first time since early February. …

Only nine votes separated the French National Assembly from rejecting a motion of no confidence in President Emmanuel Macron’s administration. With 278 votes, the motion received the 287 necessary to pass.The proposal to raise the retirement age from 62 to 64 is being met with stiff resistance from Macron’s government. …