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Oil, Crude, trading

Gold prices incurred heavy losses at the beginning of this week’s trading within the negative technical outlook as we expected, in which we relied on breaking 1880, exceeding the required official target 1855, recording its lowest level at 1844. Today’s technical view indicates the possibility of continuing the bearish corrective …

Quiet trading dominated the movements of the single European currency against the US dollar during the previous session so that the current movements witnessed attempts to recover, but there are still limited attempts. Technically, and with a closer look at the 60-minute chart, we find that the RSI is trying …

The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …

Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …

Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …

The European Union (EU) launched on Monday the sale of the first bond backing its massive COVID-19 recovery fund, Reuters reported. The aim is to provide the needed finances to member countries, providing aid in combating the pandemic. A 10-year bond represents the beginning of an expected EUR 800 billion …

Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD). This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a …

European stocks closed higher on Monday, starting the week with a positive performance amid anticipation for the upcoming U.S. Federal Reserve meeting. The STOXX Europe surged by 0.25%, with oil stocks leading gains and adding 2%. The pan-European index recorded its fourth consecutive weekly rise last week. Meanwhile, the French …