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Oil, Crude, trading

The resistance levels mentioned in the previous analysis at 1910 limited attempts of yellow metals to rise and to remain negative below the 1901 level. Technically, by looking at the chart, we find that the negative signs are still clear on the stochastic, and this coincides with the RSI giving …

The euro’s movements against the US dollar witnessed sideways trading in a confined range above the 1.1720 support level and below the 1.1800 resistance level. Technically, looking at the 240-minute chart, we find that the 40-day moving average is pressing the price, meeting around 1.1775 / 1.1770 resistance, and adding …

The main indices of Wall Street closed lower on Wednesday, due to mixed financial results by big banks, and worries about the second wave of the Coronavirus (COVID-19) pandemic. In addition, hopes for a new stimulus package were subdued after remarks by the US Treasury Secretary suggested that a new …

Oil prices maintained gains for the second consecutive session on Wednesday, amid commitment by OPEC+ leaders to output cuts. Brent futures for December delivery gained 87 cents, or 2.1%, to settle at $43.32 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for November delivery finished higher by 84 …

Gold prices rose on Wednesday, supported by the decline of the US Dollar (USD), restoring the $1,900 per ounce level. Gold futures for December delivery increased by $12.70, or 0.7%, and settled at $1,907.30 per ounce. Meanwhile, silver futures for December delivery added 27 cents, or 1.1%, and closed at …

The increase in the number of new Coronavirus (COVID-19) cases in the United States led to more uncertainty to the economic outlook, according to the President of the Federal Reserve Bank of Richmond, Thomas Barkin. “An elevated case rate raises economic uncertainty and that affects businesses’ willingness to hire or …

The World Bank is reportedly calling for $25 billion in additional financing to combat the impact of the COVID-19 pandemic on the world’s poorest countries, Reuters reported. President of the World Bank, David Malpass, expressed this to finance ministers and central bank governors of the G20 group on Wednesday. According …

Bank of America (BoA) and Goldman Sachs (GS) both announce third-quarter earnings that beat estimates. Bank of America announced net income of $ 4.9 billion, or 0.51 per share (EPS), with consensus estimates at 0.49 Cents. In the same quarter last year, revenues were at $ 5.8 billion and $ …

Trade talks between the United Kingdom (UK) and the European Union (EU) are reportedly showing progress, according to the British Prime Minister’s spokesperson, Reuters reported. “Some progress has been made this week, primarily in technical areas of the negotiations, but there are still differences, with fisheries being the starkest.”