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Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …

The single European currency faced intense selling pressure at the end of last week’s trading within the bearish context, as we expected, touching the second official leg of the current downside wave at 1.1700, recording the lowest level at 1.1708. Technically, the negative pressure coming from the 50-day moving average …

Wall Street US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week a busy week with economic data, fears of an increase in corporate taxes, the mutated delta strain of the Coronavirus, and possible shifts in the schedule for the US Federal …

U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …

The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …