Oil, Crude, trading
Read More »Gold Trying to Rise on US Dollar
Gold moves tended to be positive, benefiting from building a base on 1882 support, as the current moves witness attempts to recover and consolidate above the 1901 resistance level. Technically, we note that the 50-day moving average provides a positive motive in conjunction with the clear positive signals on the …
Read More »Euro Starts With Positivity
The single currency continues to fluctuate in the same price range without any change, the current moves are witnessing attempts to recover and consolidate above 1.1720 resistance. Technically, looking at the 4-hour chart, we find that the stochastic is still trading in negative areas and favoring the return of the …
Read More »BOE Leaves Rates Unchanged, Expands QE by £150 Billion
The Bank of England’s (BOE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its November policy meeting, as the second nationwide lockdown kicks-in this Thursday. The BOE expanded the Quantitative Easing (QE) program by £150 billion to £895 billion. Sees UK GDP -11% …
Read More »US: Trade Deficit Narrows to $63.9 Billion in September
The United States’ goods and services deficit declined by $3.2 billion to $63.9 billion in September, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday. This reading missed the market expectation for a deficit of $63.8 billion by a small …
Read More »Canada: Trade Deficit Expands to C$3.25 Billion in September
Canada’s trade deficit expanded from C$3.21 billion in August to C$3.25 billion in September, the monthly data published by Statistics Canada showed on Wednesday. This reading came in worse than the market expectation for a deficit of C$2.6 billion. Further details of the publication revealed that Canada’s exports rose by …
Read More »US Private Sector Employment Rises by 365K in October
Employment in the US private sector rose by 365,000 in October, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading followed September’s increase of 753,000 (revised from 749,000) and missed the market expectation of 650,000 by a wide margin.
Read More »US Election: Biden Takes Lead in Michigan, 49.3% vs. 49.1%
Former Vice President Joe Biden has taken a slim lead in Michigan over US President Donald Trump, 49.3% vs. 49.1%, with 94% of expected votes tallied, the latest figures from the Associated Press showed.
Read More »Canada: Trade Deficit Expands to C$3.25 Billion in September
Canada’s trade deficit expanded from C$3.21 billion in August to C$3.25 billion in September, the monthly data published by Statistics Canada showed on Wednesday. This reading came in worse than the market expectation for a deficit of C$2.6 billion. Further details of the publication revealed that Canada’s exports rose by …
Read More »US Election: Trump Lead Narrows in Michigan, 49.4% vs. 48.9% with 86% of Votes Tallied
In Michigan, with 86% of expected votes tallied, President Donald Trump has 49.4% and former Vice President Joe Biden has 48.9%, Reuters reported, citing Edison Research. Earlier in the day, Trump’s lead was 52% in the state with 79% of votes tallied and the narrowing gap seems to be helping …
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