Oil, Crude, trading
Read More »Oil: Trying to Recover
Oil, Crude, trading
Read More »Gold Touches Targets And Selling Pressure Remain
After several successive sessions of sideways moves, gold prices were able to break the pivotal support level published during the previous analysis, 1720, indicating that breaking the aforementioned level puts the price under strong negative pressure, and its initial target is around 1705, to record its lowest price at 1704. …
Read More »The Euro Continues to Put Pressure on The Support And Negativity Remains
The single European currency continues to pressure the pivotal support level aforementioned in the previous analysis at 1.1770, to stabilize the current trading of the pair around the lowest level during early trading for the current session at 1.1660. Technically speaking, and with a closer look at the chart, we …
Read More »How an Unknown Hedge Fund is Causing Disturbance in the Financial Sector?
Archegos Capital Management, a hedge fund in the United States, is causing concerns in the financial sectors, after Credit Suisse and Nomura warned on Monday of significant negative impacts on their quarterly financial results due to exiting positions with the aforementioned fund. Credit Suisse nor Nomura did not specify the …
Read More »Visa to Accept Stablecoin in Settling Transactions
Visa is set to allow using a cryptocurrency in settling transactions through its payment network, Reuters first reported. The process is starting with the U.S. Dollar (USD) Coin, known as the stable coin, through a pilot program in cooperation with the platform Crypto dot com, with plans for expansion with …
Read More »U.S. Financial Regulators Explore AI Usage in Sector
Regulators of the banking sector in the United States are investigating the growing use of artificial intelligence (AI) by financial institutions, Reuters reported. The regulators announced that they are seeking feedback on the rising use of AI by banks and other institutions for various purposes.
Read More »Oil Closes Higher Ahead of OPEC+ Meetings
Oil prices rose on Monday, recovering from earlier losses, amid concerns about delays in oil shipments even after shipping restarted at the Suez Canal after the container ship that was blocking it was re-floated. In addition, it is expected that the upcoming meeting for the Organization of the Petroleum Exporting …
Read More »Gold Finished at Lowest Level in Three Weeks
Gold prices closed lower on Monday, opening the week with a negative performance, due to the rise of the U.S. Dollar (USD). The yellow metal has limited its monthly gains, after recent fluctuations. Gold futures for April delivery finished lower by $24, or 1.4%, at $1708.2 per ounce, its lowest …
Read More »European Stocks Close Mostly Higher
European stocks finished mostly higher on Monday, with limited gains due to concerns about the third wave of the Coronavirus pandemic. The STOXX Europe 600 index closed higher by 0.2%, with the stocks of food and beverages leading the rise and adding 1.5%. In the UK, the FTSE100 index settled marginally …
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