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Oil, Crude, trading

Negative trading dominated the prices of US crude oil futures within the expected downward correction during the previous technical report, exceeding the required targets to reach the official target of 88.70, recording its lowest level of $87.80 per barrel. Technically, oil failed to maintain trading above 89.40. This previously broken …

Gold prices continue to suffer heavy losses as part of intense selling, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1815, recording its lowest level of $1815 per ounce during early trading of the current session. Technically, …

We remained neutral for the moment during the previous technical report due to the conflicting technical signals, explaining that activating the selling positions depends on the pair’s failure to break through the psychological barrier of 1.0600 resistance, heading to touch the first official target of 1.0500, recording its lowest level …

The key event in the Asian session, Tuesday, will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in the US, the JOLTS Job Openings data will be released.Key DevelopmentsThe US dollar made a great start to the week, continuing the upward …

Gold is falling with bonds, equity, and commodity prices as expectations for US interest rates rose after the US government struck a deal with Republican opponents to avert a shutdown until the middle of next month. US President Joe Biden signed a bill to extend government funding for 6 weeks, …

The US dollar had a substantial increase in momentum on Monday as risk appetite across the board decreased and uneasy investors piled into the USD. Just below 1.3680, the USD/CAD pair is rounding into the midway of the US trading session.The Purchasing Managers Index (PMI) for Canadian Manufacturing fell on …

As profit-taking increases and the US Dollar strengthens as a result of rising US Treasury bond yields, WTI crude declines 2.37% to $88.54 per barrel. The demand for oil may be at danger due to worries about the economy’s slowdown, which are emphasized by lower manufacturing data from China and …

Michael Barr, Vice Chair for Supervision of the Federal Reserve, stated on Monday that the central bank should implement monetary policy cautiously.The most important question, in his opinion, is not how much higher interest rates will rise, but rather how long they will stay at a level that is appropriately …