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Oil, Crude, trading

Mixed trading without a clear direction dominated US crude oil futures prices at the opening of this week’s trading, finding a solid resistance level around 88.30, which forced it to retest 86.20. Technically, by looking at the 240-minute time frame chart, the 50-day simple moving average supports the possibility of …

Mixed movements without a clear direction dominated gold prices during last Monday’s trading session, bringing gold back to immediate stability below the 1913 level, considered one of the most important keys to the trend during the day. Technically, and with careful consideration, we find gold prices hovering around the pivotal …

Quiet trading that tended to negativity dominated the movements of the EUR/USD pair at the beginning of this week’s trading after it found a strong resistance level around the psychological barrier of 1.0600. The technical outlook remains unchanged, and there has been no significant change in the pair’s movements. With …

When the Fed raises interest rates and the yield curve inverts, someone will inevitably push the “big red button.” But this is also where the media is wrong about the 1995 “soft landing” scenario. The economy didn’t “soften” in 1995; crisis events did. But more importantly, when the yield curve …

The GBP/JPY is rebounding from last week’s dip. It is a heavy week on the economic calendar for the Pound Sterling, with wages, inflation, and Retail Sales inbound.Dovish comments from BoE officials are capping upside potential for the GBP. The GBP/JPY is seeing gains for Monday, trading into 182.50 after …

China’s imports of major commodities continued resilient in September, despite all the discussion that insisted that the Chinese economy is struggling for momentum. Imports of crude oil, natural gas, coal, and iron ore dropped slightly from August, but all were higher than in September last year. The first nine months …

Wall Street’s main indexes advanced on Monday as investors awaited key economic data and major corporate earnings this week for clues on the U.S. economy and monitoring the Israel-Hamas conflict. Long-dated US Treasury yields gained as the United States sought to prevent an escalation in tensions, with Secretary of State …

The BoC noted in its Business Outlook Survey for the third quarter on Monday that consumers thought that interest rates will go up over the next 12 months.USD/CAD stays under modest bearish pressure in the American session and the pair was last seen losing 0.23% on the day at 1.3625.Key …