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Oil, Crude, trading

Oil, Crude, trading

The yellow metal showed positive movements supported by the decline of the US dollar after the US employment data, to record its highest level at 1786, after recording the lowest around the strong demand area at 1761. Technically, trading stability is above 1768, 61.80% Fibonacci correction, as shown on the …

The single European currency ended last week’s trading sessions sideways, trying to rise. However, attempts are still limited due to the price stability below the 1.1375 resistance level. Technically, and by looking at the 4-hour time frame, we notice intraday trading stability above the 50-day moving average, which meets around …

America and Germany decided to adopt stricter restrictions to circumvent COVID-19 on Thursday, away Austria, there are tailored or modified lockdowns elsewhere all over the globe to combat the emergence of the new Omicron strain. Such measures provoked turmoil across financial markets, lest it could ignite severe global economic slowdown …

A sudden bitcoin and crypto selloff has followed a warning made by famed investor Louis Navellier that widely-expected Federal Reserve taper will potentially burst the bitcoin and crypto bubble.Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two …

A significant event on Monday will be the speech by the Bank of England’s Ben Broadbent, this will be Broadbent last public appearance prior to the anticipated rate decision in the following week.Investors believe it is reasonable to expect rate hikes from 0.10% to 0.25% on December 16, but uncertainty …

Chinese tech stocks popular among US investors have fallen amid the country’s regulatory crackdown on technology firms.Wall Street Journal has explained some of the new risks investors face when buying shares of companies like Didi or Tencent. Investors punished shares of Chinese companies traded in the US on Friday.Didi Global …

The selloff gained force Friday, leaving the NYSE FANG+ Index of Tech Industry’s giants bordering on correction territory, or a 10% drop from the highest. That’s not seen as a good sign heading into the end of the year, the most illiquid trading season. Shares of Tesla, Netflix, Nvidia and …

US President Joe Biden said on Friday that price pressures would ease as the global economy improves.“Gasoline price drops are beginning to reach Americans and this should pick up, he added, saying that China might also decide to release more oil, though it has not done so just yet.Managing Director …