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Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the movements of gold during the previous trading session, nullifying the negative outlook as we expected, in which we relied on trading below the 1799 resistance level; we mentioned that any trading above 1799 would immediately stop the bearish tendency and lead gold to record positive targets …

For the second session in a row, the euro hits the strong resistance level mentioned in the previous analysis, at 1.1850, unable to breach it so far, which forced it to trade negatively, to start negative pressure on the 1.1800 support level. With a closer look at the 4-hour chart, …

Manufacturing Sales in Canada declined by 1.5% on a monthly basis to C$59.6 billion in July, the data published by Statistics Canada revealed on Tuesday. This reading followed June’s expansion of 2.1% and came in worse than the market expectation for a decrease of 1%.

The US inflation data was released moments ago, and the markets waited for this data strongly to determine whether the inflation rate is exacerbating or is still under control, and these data are currently used to pressure the US Federal Reserve to announce the start of tightening its monetary policy …

Japan’s Nikkei index closed at a more than 31-year high Tuesday, September 14th, led by cyclical stocks that tracked Wall Street’s gains, while progress in a domestic vaccination campaign boosted hopes of reopening the economy. The Nikkei index rose 0.73% to close at 3,0670.10 points, its highest level since August …

Oil prices hit a six-week high on Tuesday on fears that another storm could affect production in Texas this week, even as the US crude industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast. Oil prices rose for the third consecutive session, …

The dollar settled below a two-and-a-half-week high on Tuesday, September 14th, hit in the previous session, as investors braced for inflation data that may provide indications of the timing of the US Federal Reserve’s policy tightening at its meeting next week. Ahead of the US central bank’s policy review scheduled …

Hurricane Ida halted production of about 1.7 million barrels of oil per day at the end of August, the International Energy Agency said Tuesday, August 14th. The authority added that oil stocks of the OECD countries fell by 34.4 million barrels in July to 2.850 billion barrels. The agency cut …