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Oil, Crude, trading

Negative trading dominated US crude oil futures prices, aligning with the anticipated downward trajectory outlined in the previous technical report. The market touched the initial target at 74.75 and extended losses to reach the subsequent station at 74.50, recording a low of $74.00 per barrel. Examining the 4-hour chart, there …

Gold prices surged to achieve significant gains yesterday, meeting the expectations outlined in the previous technical report. The precious metal touched the second official target set in the report, reaching a peak of $2018 per ounce, which corresponds to the 2017 price level. Today’s technical analysis suggests the potential for …

The EUR/USD pair continued its positive momentum during the early trading sessions of the week, confirming the expected bullish trend mentioned in the previous technical report. The pair reached a peak of 1.0960 in the morning session, and the report emphasized that the confirmation of breaching this level could strengthen …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the key developments in the markets and the performance of the most important assets, in an interview on Dubai TV. Expected DataHashad explained that the markets are awaiting high-impact …

The Canadian Dollar is grappling with sideways momentum on Monday. Markets look ahead to key data for both the US and Canada in the latter half of the week.US PCE inflation & ISM Manufacturing, Canada GDP & employment change are on the horizon. The Canadian Dollar (CAD) is middling against …

New Home Sales in the US declined 5.6% in October. US Dollar Index continues to hover around 103.40 after the data. Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau …

European stocks were steady on Monday as lower oil prices led to a decline in energy stocks, ahead of comments by European Central Bank President Christine Lagarde on monetary policy before a European Parliament committee. The European Stoxx 600 index remained stable at 0820 GMT, while the British Financial Times …

The pound sterling rose to its highest level in more than two months against the dollar on Monday, although some risk aversion limited the US currency’s losses, with traders awaiting new economic signals next week to determine the course of monetary policy regarding future interest rates. The current week is …