Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred strong losses at the end of last week’s trading within the expected downside path, in which we relied on the existence of a bearish technical structure that supports the decline, surpassing the official target of 1745, recording its lowest price of 1717. Technically speaking, and with a …

The euro fell against the US dollar, a noticeable decline within the negative outlook expected during the previous analysis, touching the second official target of 1.2065, posting a low of 1.2062. On the technical side today, and with a closer look at the chart, we find the negative pressure continues …

Rising treasury yields continued to make the biggest effect on the market last week, amid expectations for a surge inflation due to the increased government stimulus and monetary easing policies. Treasury yields in the United States rose last week to their highest level in about a year, with the benchmark …

Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose by 2% in January, the data published by Statistics Canada showed on Friday. This reading followed December’s increase of 1.5%.

A Reuters poll today showed that oil prices will witness a steady recovery this year, with the arrival of vaccines to prevent Covid-19 more people and the acceleration of the economic recovery, and in light of the additional momentum of stimulus and the control of supplies of major crude producers. …

Weekly data on fund flows from Bank of America showed that equity funds attracted their third-largest inflows ever at $46.2 billion in the week ending on Wednesday, led by flows into technology stocks and financial companies. Bank of America concluded that bond funds attracted $7.1 billion in inflows for the …

Data from the State Statistics Institute on Friday showed that Turkey’s trade deficit shrank 32.8% year on year in January to $3.034 billion, according to the general trade system. The institute said that Turkey’s exports increased in January by 2.3% and imports decreased by 5.9% compared to January 2020. In …

European shares tumbled 1.5% on Friday, led by mining and technology companies, as a jump in bond yields and concerns about rising equity valuations hurt demand for riskier assets. The benchmark European stocks index is on track to post its worst single-day performance this month.