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Oil, Crude, trading

Bearish trading tends to the positivity that dominated gold’s movements during the previous trading session, and there was no significant change in the technical signals. On the technical side today, we find the simple moving averages still supporting the bullish price curve, accompanied by positive signals coming from the RSI …

Sideways trading with the narrow range dominating the euro’s movements against the US dollar, confined from the bottom above the psychological support level of 1.1600 and below the resistance level of 1.1680. Technically, we notice some bearish bias due to trading stability below the 1.1680 resistance level represented by the …

From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. The USD managed to stop its Wednesday’s downtrend to advance anew on Thursday.   Risk turned off on Thursday leading the USD to reap the most …

Corporate earnings for Q3 continue to impact the performance of financial markets as well as the reactions of investors and traders. Higher than expected earnings have become the common trend on the market scene, this October, despite supply chain difficulties and cost issues.TeslaTesla posted Q3 profits that topped expectations, with …

“Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …

“The RBA is closely watching a spike in inflation,” said the Reserve Bank of Australia Governor Philip Lowe while speaking before a conference hosted by the Universidad de Chile on early Friday morning.The policymaker has added that he did not think the rise would be sustained unless it led to …

The giant Chinese real estate developer has become cash-strapped and now risks default if it fails to pay its gross debt.After Evergrande’s efforts to sell its stake of 50 per cent of EPS to rival Hopson Development had collapsed, depriving it of valuable cash to ease the pressure on its …

The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K. Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, …

Risk turned off on Thursday leading the USD to reap the most out of it. The dollar weaker yesterday, but it managed to appreciate against most major rivals, except safe-haven CHF and JPY.There was no certain catalyst behind the retreating risk appetite although inflation-related concerns constitute one part of the …