Oil, Crude, trading

The yellow metal prices witnessed a bullish wave with the opening of the first trading sessions of this week, to witness the intraday movements stabilizing above the psychological line of 1800 resistance. On the technical side, stability trading above 1800 supports the rise, and with a closer look at the …

Positive moves dominated the euro against the US dollar during the previous trading session. To remind us, we mentioned in the last report that the attempt to breach the resistance level at 1.2115 paves the way for the pair to retest the pivotal resistance level of 1.2175, recording a high …

Bitcoin has been tumbling down since Elon Musk tweeted that its value “seems high” over the weekend. After topping $58,000 and a valuation of over $1 trillion, the most popular cryptocurrencies has collapsed over $10,000.

The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose to 0.66 in January from 0.41 in December and came in better than the market expectation of 0.4%. “The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.34 in January from +0.49 in December,” …

Oil prices increased due to the slow resumption of US crude production after it was reduced by freezing weather conditions while demand recovered from its low levels during the Corona pandemic. Brent crude rose 55 cents, or 0.9%, to $63.46 a barrel, after increasing nearly 1% last week. U.S. crude …

US media reported that US authorities said that about 8.8 million Texas residents were still facing water supply problems after an unprecedented frost wave damaged power plants last week. The authorities still advise millions of Texas residents to boil water before using it, although all power stations returned to work …

The German economy is heading for improvement, and that sentiment has improved in the industrial sector, in particular, said Klaus Vollerbe, an economist at IFO, on Monday. He added that companies had revised production plans upwards and had increased export expectations for the industry. “The German economy is looking towards …

Today’s survey showed that German business confidence increased much more than expected in February, reaching its highest level since October as the industrial sector supports Europe’s largest economy despite the restrictions of lockdown measures. IFO said its business climate index rose to 92.4 from a revised level of 90.3 in …

Bitcoin fell more than 6% today, Monday, after rising to a record high of $58,354 the previous day, as selling in global stocks hampered risk appetite. And the world’s most popular cryptocurrency rose over the weekend to record levels, nearly doubling in value since the start of the year. Its …