Oil, Crude, trading

Gold prices retreated significantly during the previous session, heading towards the second official target of the current downturn wave as we expected at 1800, shy of 3d goal at 1794. Technically, with the price’s failure to maintain trading above the 1845 level, accompanied by the negative pressure of the simple …

We stayed on the fence in the previous analysis due to the conflict of technical signals, explaining that continuing to activate long positions on the euro-dollar depends on the stability of trading above 1.1820 and the breach of the resistance level of 1.1880 in order to target 1.1920, so that …

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 5.3 in November, the lowest reading since June, from 25.3 in October, the monthly data showed on Tuesday.

A survey showed that British retail sales recorded the biggest drop since June this month under isolation measures in most parts of the country, but the decline was less than most economists feared, as online sales absorbed part of the decline. The Confederation of British Industry said its index of …

The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold. The pound fell to 8.05 against the US currency, compared …

Bitcoin hit $19,000 on Tuesday, November 24 for the first time in nearly three years, and is close to reaching an all-time high of just under $ 20,000. The world’s most popular cryptocurrency increased about 160% this year, supported by demand for riskier assets amid unprecedented fiscal and monetary stimulus …

Riskier currencies like the Australian dollar surged on Tuesday (November 24th) after US President Donald Trump authorized the transfer of power to President-elect Joe Biden. The New Zealand dollar was one of the biggest gainers, up by 0.9%, rising to its highest level in two years at $ 0.6985, after …

Brent crude prices reached their highest levels since March, as news of a promising third Coronavirus vaccine supported hopes for a faster recovery in oil demand, while US President-elect Joe Biden received the green light to start the transition process for his leadership. By 07:44 GMT, Brent crude futures increased …

The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …