Oil, Crude, trading

The technical outlook remains unchanged, and gold’s movements have not changed significantly, maintaining the bearish bias, stable below the 1850 resistance level. Technically speaking, and with a closer look at the 240-minute chart, the signs of negativity are still dominating the stochastic, and this comes in conjunction with the RSI …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

Inflation in the US, as measured by the Consumer Price Index (CPI), was 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI stayed unchanged at 1.2%. Further details of the publication showed that the Core CPI, which …

According to data, unemployment in Turkey decreased to 12.7% in the third-quarter ending in September, as the economic movement accelerated between the first and second waves of the Coronavirus. The unemployment rate is the lowest since the end of 2018, when the currency crisis pushed the economy into recession. Unemployment …

Credit rating agency Fitch raised its forecast this week for Chinese economic growth next year, based on increased domestic demand and expectations of a coronavirus vaccine deployment. Fitch now expects China’s GDP to expand 8% in 2021, up from the 7.7% forecast in September. “This would be much higher than …

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 ECB further announced that it decided to increase the envelope under the Pandemic Emergency Purchase Programme …

The euro stabilized Thursday, December 10, before the European Central Bank unveiled new stimulus measures, while the British pound fell after trade talks on Brexit were extended until the next few days, seeking an elusive breakthrough. European Central Bank officials have made clear in recent weeks that a larger program …

Official figures showed that the recovery of the British economy almost stopped in October due to the high number of cases of Coronavirus, which dealt a blow to the hospitality sector. The Office for National Statistics said gross domestic product rose 0.4% month-on-month, which is in line with expectations in …

Not much changed in European stocks Thursday, December 10 after a meeting between the leaders of Britain and the European Union on a trade deal failed to yield progress, while investors were reluctant to make big bets due to an awaited decision from the European Central Bank later today. The …