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Oil, Crude, trading

Gold prices faced negative pressure as we expected during the previous analysis, touching our first target at 1765, recording the lowest price of 1763. Technically speaking, and by looking at the 60-minute chart, we find that the RSI indicator began to gradually lose the bullish momentum, accompanied by the obvious …

The European single currency managed to achieve the first bullish target published during the previous analysis, located at 1.2060, to record a high of 1.2080. On the technical side, the current movements of the pair are witnessing negative pressure due to approaching the resistance of the psychological barrier of 1.2100. …

Inflation in New Zealand increased during the first quarter (Q1) of the year, increasing the signals that the Reserve Bank of New Zealand (RBNZ) could maintain interest rates for some time. The consumer price index (CPI) rose by 1.5% during Q1 of 2021 on an annual basis, according to data …

The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …

Dogecoin fell on Tuesday after reaching new all-time record highs earlier in the day, which was prompted by many social media users posting on hashtags supporting the meme-based cryptocurrency. The digital currency is now down by roughly 16% for the day at $0.337. However, the price of the cryptocurrency remains …

The New York Stock Exchange (NYSE) declined on Tuesday for the second consecutive session, due to concerns about the rising number of new coronavirus cases. Despite positive earnings reports by some of the Wall Street-listed companies. The Dow Jones Industrial Average lost 256.33 points, or 0.75%, to finish at 33,821.30 …

Crude oil inventories in the United States are estimated to have increased by 436,000 barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday. Gasoline stockpiles declined by 1.6 million barrels, while distillate inventories increased by 655,000 barrels, for the week ended April 16. Official …

Oil prices declined on Tuesday, as concerns about a new wave of the coronavirus pandemic resurfaced, following a large increase in new cases. Furthermore, the United States Congress is discussing a law that could allow suing the Organization of the Petroleum Exporting Countries (OPEC) on antitrust grounds due to their …

Gold prices rose on Tuesday, as demand for safe havens increased due to sharp declines in the stock market. However, the yellow metal could not recoup all of yesterday’s losses. Despite the rise by the U.S. Dollar (USD), the greenback remains down on a weekly and monthly basis, which provided …