Sources told Reuters that despite plans to increase its oil production, data show that Russia’s production of oil and gas condensate actually fell from February 1 to February 10 to 10.11 million barrels per day from an average of 10.16 million barrels per day in January. As of February, Russia …
Read More »Oil Retreating After a Strong Rally
Oil prices retreated, giving back some of the strong recent gains they have made, on expectations of a slower economic recovery and speculation that market strength may entice producers like Saudi Arabia to reduce production. Brent crude fell 35 cents, or 0.6%, to $ 61.12 a barrel with the opening …
Read More »European Stocks Rise on Earnings Reports
European stocks rose to remain on the path to concluding the week on stability, as investors closely watched a barrage of corporate earnings reports to derive indications of the pace of recovery in business activities. The pan-European STOXX 600 index rose 0.1% in early trade, with most of the sectors …
Read More »Gold is Falling on US Dollar’s Recovery And Weaker US Inflation Data
Gold fell as the dollar recovered from a two-week low it reached in the previous session and weaker inflation data in the United States dampened appetite for the yellow metal. Gold fell in immediate transactions 0.3% to $ 1837.13 an ounce, after reaching its highest level in more than a …
Read More »Bitcoin Retesting Support
Negative trading dominated the Bitcoin moves within the expected negative outlook during the previous analysis, heading to touch the official target of re-testing at 45,780, recording the lowest price at 44,460. We tend to be negative in the coming hours depending on the negative pressure of the 50-day moving average, …
Read More »Dow Jones Facing Temporary Decline
Positive trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected upward trend, touching our official awaited target 31,445, to succeed in reaching its highest level at 31,448. On the technical side today, and with a closer look at the 60-minutes …
Read More »DAX Put Pressure on Support
The German DAX index touched the first target to be achieved during the previous analysis, located at 10,465. The technical side today, we find that the index’s intraday trading is stable below 13,950, and we find negative signs appearing on Stochastic. From here, we may witness a bearish tendency during …
Read More »GBP/JPY: Maintains Positive Stability
The technical outlook remains unchanged, and the pair’s moves have not changed little, as part of attempts to maintain the positive stability above the support level of 144.00 / 143.90. The technical aspect today indicates the possibility of continuing the rally with the pair consolidating above 144.45, in addition to …
Read More »Canadian Dollar: Negative Pressure Persists
The Canadian dollar came under selling pressure during the previous trading session within the expected negative outlook, in which we depended on the breach of the support level of 1.2710, heading for touching our first target of 1.2670, recording a low of 1.2674. Technically, and with a closer look at …
Read More »Pound Maintains Bullish Path
Oil, Crude, trading
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