Oil, Crude, trading
Read More »Gold Starts The Week on The Positive Side
Gold prices opened the first weekly trading with a bullish tendency, touching the official target required to be achieved and mentioned in the previous report at 1963, reaching a peak at 1964. The technicals indicate the possibility of resuming the rally, depending on the continuation of gold obtaining clear additional …
Read More »Euro Taking Advantage And Recovers
The single European currency continues to rise against the US dollar within the expected bullish path last Friday, surpassing the first target required to be achieved during the previous analysis, 1.1870, to hit the session high at 1.1895. Technically, the moving averages continue to support the general bullish trend, in …
Read More »US Election: AP Call Elections For Biden
Joe Biden has been elected the 46th President of the United States according to AP. The former Vice-President has pulled ahead in Pennsylvania. The latest batch of votes from the Keystone State put Biden ahead by around 34,000 votes ahead of President Donald Trump.
Read More »Wall Street Mixed as it Records Weekly Gains
The New York Stock Exchange (NYSE) failed to maintain its perfect record for the week, as the main indices in Wall Street mostly declined on Friday after rising for four consecutive sessions. The Dow Jones Industrial Average declined by 66.78 points, or 0.2%, and closed at 28,323.40 points, adding 6.9% …
Read More »US Treasury Yields Limit Weekly Decline
Treasury yields in the United States increased on Friday, to limit their weekly decline. This comes after employment data by the US Department of Labor showed that economic recovery is continuing. Return on the 10-year Treasury note increased by 4.6 basis points to 0.821%, but declined for the week by …
Read More »Oil Loses Half of its Weekly Gains on Friday
Oil prices declined on Friday, with growing concerns about the new wave of the Coronavirus pandemic. New lockdown and preventive measures announced by some countries are raising concerns about the recovery of the global demand for energy. Brent crude futures for January delivery declined by $1.48, or 3.6%, to finish …
Read More »Gold Closes at Highest Level in Seven Weeks
Gold prices rose on Friday to their highest level in seven weeks, supported by the decline of the US Dollar (USD) amid the uncertainty surrounding the results of the United States presidential elections. Gold futures for December delivery gained $4.90, or 0.3%, to close at $1,951.70 per ounce. This is …
Read More »US Oil Rigs Rise for Fifth Week in Row
Oil and natural gas rigs in the United States increased for the eighth consecutive week, according to Friday’s weekly report by Baker Hughes. This is the first time that oil rigs increased at this rate since June 2018, amid output cuts and price fluctuations. Oil and gas rigs rose by …
Read More »USD at Lowest Level in Two Months
The US Dollar (USD) continued to decline across the board on Friday, as the results of the US presidential elections are yet to be officially announced. The Dollar index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.32% at …
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