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Oil, Crude, trading

US crude oil futures prices jumped to achieve strong gains after ending the downward correction referred to in the technical report for this week, returning within a strong upward trend as we expected, exceeding the official target of 93.30, recording its highest level of $95.00 per barrel. Technically, by looking …

A sharp decline in gold prices within the expected downward path, in which we relied on breaking 1913, with the price heading to achieve the official target required to be touched during the previous trading session at 1880, recording its lowest level at $1873 per ounce. Today’s technical aspect indicates …

The euro continues to suffer losses against the US dollar within the expected downward trend during the previous technical report, touching the official target station at 1.0515, recording its lowest level at 1.0488. Technically, and with a closer look at the 240-minute time frame chart, we notice that the pair …

The US dollar’s rally and the drop in equity prices continue to be in the spotlight. The New Zealand NZD Business Confidence survey and Australian retail sales are two important readings to be watched during the Asian session. Later, attention will turn to Spain’s and Germany’s early September inflation data. …

The GBP/USD pair is experiencing a backslide as the Pound Sterling weakens against the dollar. US data supports the USD, while the UK data-light calendar leaves the GBP to twist. The pair is expected to see US & UK GDP and US PCE on Friday. On Wednesday, US Durable Goods …

The EUR/USD pair has reached an eight-month low, with the pair trading at 1.0505, near the lows of the month after reaching a daily high of 1.0574. The Eurozone’s M3 supply shrinkage, reflected by broader economic strains, has weighed on the EUR/USD.The Euro is extending its losses versus the US …

As Treasury rates surged on Wednesday, Wall Street’s major indexes declined in choppy trading conditions as investors awaited news on a US funding bill and this week’s inflation data to determine the Federal Reserve’s stance for monetary policy outlook.The 10-year Treasury yields changed course to reach a new 16-year high, …

The 10-year Treasury yield’s current performance compared to 2007 has some investors looking for signals of a recession. The increase in Treasury yield curves is a constant topic of discussion now as well as what investors should look at to indicate a recession. Economic headwinds are expected to impact markets …

Gold is trading at $1877.54 per ounce at the time of writing, down by some -1.22%. traders are worried that the precious metal could fall further in the remainder of 2023. It is worth noting that gold demand in China has surged in 2023, with a 16% increase compared to …