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Oil, Crude, trading

We adhered to the intraday neutrality at the end of last week’s trading due to the conflicting technical signals and the high-risk levels coupled with the expected return. Technically, we find that gold prices achieved a pivot on the support floor of 1845, which forced the price to rebound bullishly …

The negative moves continue to dominate the euro against the US dollar within a gradual decline to the downside, heading to 1.1400, recording its lowest price at the end of last week’s trading at 1.1433. Technically, the bearish scenario is still the most preferred, based on the regularity of move …

Inflation fears dominated the market this week. Wall Street closed higher Friday, November 12th, driven by the rise of market leaders, as investors shrugged off disappointing US economic data. The U.S. A University of Michigan survey showed that US consumer sentiment in early November plunged to a decade low as …

The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments. Earlier in …

Taproot is the next upgrade of bitcoin, and even bitcoin’s first major upgrade since 2017, and it will impact the blockchain in several aspects. It is expected to go into effect in the coming days at block 709,632. It will go live as soon as Saturday.Taproot will introduce investors to …

A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.

EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …