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Oil, Crude, trading

Oil, Crude, trading

After several consecutive sessions of standing on neutrality, the price of the yellow metal witnessed noticeable rises, explained during the previous report that the activation of the buying centers requires a clear and strong penetration of the resistance level 1792/1795, which facilitates the task required to visit 1800 and 1810 …

The euro’s movements are still within a sideways range against the US dollar for several sessions in a row, so we find the pair trying to benefit from the psychological barrier support level of 1.2000 to re-choose the pivotal resistance of 1.2065. On the technical side, the Euro’s movements have …

A recent report by the United States Federal Reserve suggested that American monetary policymakers remain concerned about the bond sell off last February, which led to a surge in Treasury yields, Reuters reported. Developments highlighted the importance of continued focus on Treasury market resilience, according to the Fed’s semi-annual Financial …

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Thursday that it is likely that last month has probably witnessed a strong surge in new job opportunities that might have exceeded a million. April’s reading of nonfarm payrolls and the unemployment rate are due to be …

The main indices of the New York Stock Exchange (NYSE) finished higher on Thursday, despite earlier fluctuations, as Wall Street investors anticipate more positive economic indicators. Earlier today, official data showed a decline in the new claims for unemployment benefits to their lowest level since the beginning of the coronavirus …

Natural gas inventories in the United States increased by 60 billion cubic feet (bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 1.7958 trillion cubic feet, decreasing by 345 bcf compared with the same …

The Bank of England (BoE) decided to maintain the record low-interest rates during its monetary policy meeting on Thursday. The benchmark interest rate was maintained at its all-time low level of 0.1%. BoE also revised upwards its expectations for economic growth in the United Kingdom (UK) this year, as the …

Worker productivity in the United States rose during the first quarter of the year, data showed on Thursday. Nonfarm productivity increased by 5.4% on a yearly basis during Q1 of 2021, according to the U.S. Department of Labor. The reading for Q4 of last year was revised upwards to show …