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Oil, Crude, trading

Oil, Crude, trading

Gold prices continue to maintain their gains after it succeeded in building on the psychological barrier of 1800, touching the first target mentioned in the previous analysis at 1835, recording the highest of 1835. On the technical side today, with the price continuing to obtain a positive stimulus from the …

It has limited sideways trading that dominated the euro’s movements against the US dollar during the previous trading session within a gradual bearish tendency to the downside, touching the first target of 1.1810, recording a low at 1.1796. Technically, the current movements are witnessing a slight bullish slope. However, there …

The U.S. Treasury Secretary, Janet Yellen, is worried about housing costs, expecting high inflation to remain for several months before easing. The housing market remains in a better position compared to the time prior to the 2008 market crash, Yellen told CNBC “It’s a very different phenomenon but I do worry …

New business applications in the United States decreased by 9.8% to a seasonally adjusted 448,553 in June, official data showed on Thursday. This marked the first time for applications to start a new business in the U.S. to decline since February. A seasonally adjusted 51,543 applications were received from corporations, …

The Federal Reserve Chairman Jerome Powell has defended on Thursday the efforts by the central bank to support the U.S. economy amid recovery from the coronavirus pandemic, despite the recent surge in inflation. After speaking to the House Financial Services Committee Wednesday, today Powell spoke to the Senate Banking Committee. …

Oil prices finished lower on Thursday, maintaining a downward trend for the second consecutive session, amid uncertainty about production levels. Yesterday, media reports suggested that the OPEC+ alliance has reached an initial agreement to extend the current output cuts until 2022, with a gradual easing in the curbs in line …

The U.S. Dollar (USD) rose on Thursday, supported by the drop in weekly jobless claims and the testimony of the Federal Reserve Chair before Congress, in which expressed the central bank’s patience in dealing with the rising inflation. Unemployment benefits data showed that the labor market continues to show recovery …

Gold prices finished lower on Thursday after recent remarks by the Federal Reserve Chair Jerome Powell eased concerns about the rising inflation a sudden change in monetary policy. The yellow metal’s decline comes a day after finishing at its highest level in about a month. Gold futures for August delivery …