Oil, Crude, trading

Gold prices touched the required official station during the previous trading session at 1785, recording its lowest level at 1780, to witness the stability of the current movement below the broken support level 1797. Technically, and carefully by looking at the 240-minute chart, we notice the clear negative signs on …

The single European currency declined during last Friday’s trading, gradually approaching the psychological support level of 1.1100, to record its lowest level around 1.1120. Technically, the euro is challenging to confirm breaking 1.1100, and the current moves are witnessing stability above the mentioned level. Furthermore, by looking at the 60-minute …

Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

European shares fell on Friday amid risk aversion on interest rate hike expectations and geopolitical tension in Ukraine, but some strong business results capped losses. The pan-European Stoxx 600 index fell 0.8 percent, heading for its fourth consecutive weekly decline. Auto and chemical stocks were the top losers. But luxury …

The dollar consolidated its gains on Friday and is heading for the largest weekly increase in seven months, as the greenback’s gains against other major currencies are supported by expectations of an interest rate hike. With financial markets factoring in an expected 30 basis point interest rate hike in March …

The German economy shrunk by 0.7% inter-quarter in the fourth quarter of 2021 when compared to the expectations of -0.3% and 1.7% booked in Q3, the preliminary report published by Destatis showed on Friday. Meanwhile, the annualized GDP rate dropped to 1.4% in Q4 against the previous reading of 2.5% …

Apple reported record sales in the fourth quarter of 2021, the holiday season, with profits that beat expectations while overcoming an expensive global shortage of computer chips. Analysts said the iPhone maker, the world’s largest by market value, has handled supply chain challenges such as factory closures and shipping delays …

Japan’s Nikkei index recovered on Friday after falling to a 14-week low, and although it was supported by strong gains in Apple Inc, it recorded its biggest weekly decline in two months. The Nikkei stuck to the gains it recorded in the morning and did not witness any fluctuations after …

Mixed trading Dominated the movements of the German DAX index during the previous session to find a good support floor around 15,1120, which forced it to rebound slightly upward. On the technical side, today, and carefully looking at the 60-minute chart, we find stochastic started losing the bullish momentum gradually, …