Oil, Crude, trading
Read More »Oil Breaks Support
Oil, Crude, trading
Read More »Gold Touches Target of The Downward Wave
Gold prices succeeded in touching the official target station of the current wave of decline at 1765, recording its lowest price during the early trading of the current session at 1760. Technically speaking, with gold continuing to get negative pressure from the simple moving averages, coinciding with the negative signs …
Read More »Euro Looking For Confirmation
The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …
Read More »British Consumer Spending Fell For The Week Ending February 11th
According to official figures, British consumer spending has fallen over the past week, and the proportion of people referred to reduced-pay vacations or only those who work from home has increased, as the country remains in lockdown due to the Coronavirus. Spending on debit and credit cards, as measured by …
Read More »US: US: Weekly Initial Jobless Claims Rise to 861K
There were 861,000 initial claims for unemployment benefits in the US during the week ending February 13, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 848,000 and came in worse than the market expectation of 765,000.
Read More »Brent Gave up Gains After Surging Above $65 Due to a Cold Snap in Texas
Oil prices erased gains made in early trading after Brent hit a new high in 13 months, surpassing $65 a barrel, as markets witnessed new buying due to fears that sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude fell 3 cents, …
Read More »Turkish Central Bank Keeps Interest Rates Unchanged at 17% With Rising Inflation
The Turkish central bank kept the main interest rate at 17% as expected, unchanged for the second month in a row after dramatically raising it twice in order to calm inflation, which rose to 15%. Since November, the new central bank governor, Naji Iqbal, has raised the repurchase rate (repo) …
Read More »Bitcoin Continues The Streak, Hovering Above $52,000 For The First Time
Bitcoin rose above $52,000 for the first time in its history on Wednesday, February 17th, as the cryptocurrency rose to a record high of $52,340. Bitcoin was invented in 2009, shortly after the global financial crisis, with the transformation in protests against the banking system into something of “digital gold” …
Read More »Oil Prices Are Rising Due to Fears That US Crude Production Will be Affected by Cold in Texas
Oil prices rose again Thursday, February 18th, to reach their highest levels in 13 months, as markets witnessed new buying due to fears that the sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude rose 89 cents, or 1.4%, to $65.23 a …
Read More »