Oil, Crude, trading

Trading tilted to the negativity dominated the movements of gold during the previous session after it collided with the resistance level 1740, which forced it to trade negatively again. On the technical side today, and with a closer look at the 4-hour chart, we find the 50-day moving average is …

The single European currency showed a bullish tendency during the previous trading session within the expected bullish context, touching the second official target to be achieved during the previous analysis at 1.1975, recording a high of 1.1990. Technically speaking, and with a closer look at the chart, with a 60-minute …

Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged. “Overal economic situation is expected to improve in 2021.” “Uncertainty remains.” “Persistently high COVID rates, lockdowns weigh on …

There were 712,000 initial claims for unemployment benefits in the US during the week ending March 4, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 754,000 (revised from 745,000) and came in better than the market expectation of …

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.

The German IWH Institute for Economic Research cut its 2021 growth forecast for Europe’s largest economy to 3.7% from the 4.4% it had forecast in December as the country faces the risk of a third wave of the Coronavirus pandemic. “For Germany in particular, there is a risk that the …

The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights. The company said that the rate of capital …

The European Central Bank will announce its policy decision at 12:45 GMT, followed by the ECB President Christine Lagarde’s conference at 1330 GMT. here are the forecasts by the economists and researchers of 14 major banks. Danske Bank “We do not expect new policy decisions, but a reiteration of all …

The Turkish lira rose about 1%, to offset some of the recent losses it incurred for the third day in a row with growing expectations that the central bank will raise interest rates from 17% next week. The lira was steady at 7.44 against the US dollar, rising from Wednesday’s …