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Oil, Crude, trading

As we expected during the previous technical report, US crude oil futures prices incurred significant losses within a negative outlook, touching the aforementioned downward correction targets at 83.70, recording its lowest level at $83.00 per barrel. Technically, the negative intersection of the simple moving averages, which continues to exert negative …

Gold prices reflected the expected upward trend during the previous technical report, in which we relied on trading stability above the strong support level of 1969 at the time of the report’s release. We explained that sneaking below 1969 postpones rising opportunities, leading gold towards 1958, posting its lowest level …

As we expected, the EUR/USD pair has traded positively since the beginning of the previous trading session within the bullish path, gradually rising to its highest level at 1.0694. Technically, the euro found strong resistance near the psychological barrier of 1.0700 during mid-trading, which forced it to trade negatively to …

Analysts see that disappointing PMI data from the Eurozone raise worries about weaker oil demand. Natural gas is moving higher as traders prepare for colder weather. Trading at $83.42 per barrel, WTI oil is losing ground amid demand worries. Brent oil pulled back towards the $87.00 level. Natural gas is …

The EUR/CHF pair fell 0.5% on Tuesday due to mixed results from the pan-EU Purchasing Managers’ Index (PMI) data print. Germany’s PMIs for October were mixed, with a minor uptick in the Manufacturing component failing to offset a steeper-than-expected decline in the Services side of the indicator. The German Services …

Dollar finds demand as focus shifts to GDP, PCE data The US Dollar has recovered from losses on Monday, with the DXY Index rising above 106.00. The S&P Manufacturing and Services PMI rose to expansion territory above 50.00 in October. US Treasury yields recover, allowing the USD to find demand. …

Microsoft beat analysts’ predictions for revenue and earnings per share when it released its quarterly earnings after the bell on Tuesday. The tech giant beat consensus estimates by reporting revenue of $56.5 billion for the quarter.Adjusted earnings per share (EPS) peaked at $2.99 as opposed to the expected $2.66. During …

Gold price struggles for a direction as investors seek fresh development on Israel-Hamas conflicts and crucial US economic data.The US Dollar and bond yields drop as investors await US Q3 GDP and the Fed’s preferred inflation gauge. The US Manufacturing PMI is expected to remain below the 50.0 threshold for …

The Canadian Dollar has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direction and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index (PMI) that soundly thumped market expectations.The Bank of Canada is …