Oil, Crude, trading

For the third consecutive session, gold prices fail to stabilize above the pivotal resistance level published in the previous analysis, located around 1880/1882, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the …

The technical outlook is unchanged and the pair’s movements have not changed significantly, maintaining the negative stability. Technically, we are inclined towards negativity in our trading, relying on the negative pressure coming from the 50-day moving average, in addition to the clear negative signs on the stochastic indicator. From here …

Durable Goods Orders in the United States rose by 2.3%, or $5.7 billion, to $253.5 billion in May, the data published by the US Census Bureau revealed on Thursday. This reading came in weaker than the market expectation for an increase of 2.7% and followed a 0.8% decline recorded in …

There were 411,000 initial claims for unemployment benefits in the US during the week ending June 19, the data published by the US Department of Labor (DOL) showed on Thursday. This reading came in weaker than the market expectation of 380,000 and followed the previous print of 418,000.

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.4% in the first quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus.

China Banking and Insurance Regulator Official said on Thursday that they “expect China’s monthly PPI to hit 10%, adding pressure to consumption.” The PPI, a benchmark gauge of a country’s industrial profitability, rose 9% from a year earlier in May, the fastest pace since September 2008 as China’s economy recovers.

Oil prices fell slightly on Thursday, June 24, but are still close to their highest levels in nearly three years, supported by a draw in US inventories and an acceleration in German economic activity. Prices were also supported by doubts about the future of the 2015 Iran nuclear deal, which …

Cleveland Federal Reserve President Loretta Mester said on Tuesday that she is not yet thinking about adjusting monetary policy and added that she’d like to see further progress on employment, as reported by Reuters. “When the time comes, the Fed should start with the tapering model used after last recession and …

The Bank of England’s (BoE) Monetary Policy Committee decided to leave the benchmark interest rate unchanged at 0.10% following the June policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.