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Oil, Crude, trading

Positive trades have regained control of gold’s movements, as we expected, touching the second target of the previous report, located at 1727, and approaching a few points difference from the last target of 1737, to record its highest level during early trading for the current session 1734. Technically speaking, we …

We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals, indicating that the activation of long positions requires confirmation of the breach of 1.1885, in order to enhance the chances of a rally to visit 1.1920, for the pair to succeed in reaching its …

The New York Stock Exchange (NYSE) closed Wednesday’s trading session on a mixed note, as inflation data helped ease reflation fears and pushed Treasury bond yields further down. The Dow Jones Industrial Average gained 464.28 points, or 1.46%, and finished at 32,297.02 points. The S&P 500 index closed at 3,898.81 …

Oil prices rose on Wednesday, after fluctuating throughout the session as data showed another large increase in crude inventories in the United States, alongside huge drops in gasoline and distillate stockpiles. Brent crude futures for May delivery finished higher by 38 cents, or 0.6%, at $67.90 per barrel. Meanwhile, the …

The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

Gold prices recovered from earlier losses and reached their highest level in a week on Wednesday, supported by the second consecutive session of U.S. Treasury bond yields pulling back from their recent highs, especially as recent inflation data reduced reflation fears and increased investors’ demand for long-term debt instruments. Spot …

European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …

The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data. Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%. The …

The Bank of Canada (BoC) has decide to maintain interest rates unchanged until its inflation objective is sustainably achieved, and vowed to continue with its current quantitative easing (QE) policy. The QE program will continue at its current pace of at least CAD 4 billion per week, as per the …