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Oil, Crude, trading

US Crude Oil Futures Reach Target Before Facing Resistance US crude oil futures prices surged to achieve the initial upward target as anticipated in the previous technical report, hitting a peak of $78.74 per barrel, surpassing the first milestone at $78.55. Technical Analysis Highlights: During the trading session, oil prices …

During the previous trading session, gold prices experienced subdued movements, remaining within the anticipated bearish corrective trajectory outlined in the preceding technical report. The precious metal recorded its lowest level at $1984 per ounce. Technical Analysis Insights: Analyzing the 4-hour timeframe chart, gold prices have notably breached a crucial support …

The Euro/Dollar pair held steady with a negative bias, maintaining its stability within a tight range. In the previous trading session, the pair exhibited a slight bearish trend, reaching its lowest point at 1.0695. Technical Analysis: Upon closer examination of the 4-hour timeframe chart, the pair remains stable below the …

The US Dollar retreated after a strong rebound on Tuesday due to CPI, easing the pressure in the risk-linked universe. The USD Index (DXY) fell from multi-week highs near the 105.00 barrier due to uneven improvement in the risk complex.Economic DataRetail Sales, the Philly Fed Manufacturing Index, Industrial Production, the …

Michael Barr, the vice chair of the Federal Reserve’s Supervision Committee, sent out a statement to news outlets late on Wednesday stating that the FOMC and the Fed as a whole are still optimistic that US inflation will approach the 2% target.Barr is closely watching the situation and does not …

During the North American session, the DXY Index lost -0.14% of its value and dropped to 104.70. Investors are benefiting from the spike on Tuesday in response to the CPI data, which caused the Fed to reevaluate its rate-easing projections. For the remainder of the week, the markets will keep …

Wednesday witnessed a decrease in crude oil price following an earlier surge. US Crude stocks are still rising more quickly than the markets had predicted. Barrell prices are floored by geopolitical headlines. Early on Wednesday, WTI crude oil touched new multi-week highs around $78.50, but US barrel counts revealed an …

The UK’s GDP is expected to experience a marginal contraction in Q4, with the Bank of England expecting a slow but steady increase in growth over the next few quarters. If the GDP prints meet market consensus, the UK economy would have entered a “technical recession” following the 0.1% contraction …