Data from the Joint Organizations Data Initiative (JODI) showed on Thursday that Saudi crude oil exports in September rose three percent from the previous month to reach 5.75 million barrels per day. At the same time, the world’s largest oil exporters’ crude oil production increased by 0.7 percent to 8.98 …
Read More »European stocks fell after rising in recent days
The European benchmark index fell on Thursday after a three-month rise as optimism about the peak of monetary tightening and an eventual interest rate cut faded. The European STOXX 600 index fell 0.2 percent by 0810 GMT, after increasing 2.5 percent over the past three days and recording its highest …
Read More »Gold rose slightly amid expectations that the US Central Bank will stop raising interest rates
Gold prices rose on Thursday, supported by expectations that the Federal Reserve has reached the end of its monetary tightening cycle, but a stronger dollar limited gains. Gold rose in spot transactions 0.1 percent to $1,961.81 per ounce by 0315 GMT, while US gold futures settled at $1,964.60. Matt Simpson, …
Read More »Nasdaq loses momentum 16/11/2023
Oil, Crude, trading
Read More »Dow Jones repeats bullish opportunities 16/11/2023
Oil, Crude, trading
Read More »CAD tests support 16/11/2023
The Canadian dollar has been making positive strides to uphold its stability above the support level of 1.3680 for two consecutive sessions. The pair’s intraday movements maintain proximity to its highest level during this morning’s trading session at 1.3705. From a technical analysis standpoint, examining the 4-hour chart reveals that …
Read More »USD/JPY building on support 16/11/2023
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Read More »GBP retest support 16/11/2023
Oil, Crude, trading
Read More »Oil achieves goals and negativity persists 16/11/2023
Futures prices experienced a significant downturn during the previous trading session, aligning with a negative forecast as we anticipated in our previous report. The decline surpassed the official targets of 77.55 and 76.65, reaching its lowest level in the early trading hours of the current session at $75.92 per barrel. …
Read More »Gold is looking for a more robust trend signal 16/11/2023
In our previous technical report, we maintained intraday neutrality due to conflicting technical signals, explaining that we were awaiting a clearer directional signal to achieve a high-quality deal. Accordingly, gold movements showed stability above the lower limit of 1955 and below the upper limit of 1977. From a technical analysis …
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