Oil, Crude, trading

Gold moves witnessed positive attempts within an irregular path, in light of the increasing uncertainty about the US election results, to record a high of 1916 and a low of 1882. Technically, prices were unable to stabilize above the resistance level of 1901, Fibonacci retracement of 61.80%, and we see …

Random positive trading dominated the euro’s movements against the US dollar in light of the US election results, with the euro reaching a peak at 1.1770 and a low around 1.1600. Technically, looking at 240-minutes chart, we find that the pair has returned to consolidate again below the pivotal resistance …

Major stock indices on Wall Street rose at the open Tuesday, as investors bet on Democratic candidate Joe Biden’s victory in one of the most sensitive US presidential elections in American history. The Dow Jones Industrial Average rose 213.64 points, equivalent to 0.79%, to 27138.69 points, and the S&P 500 …

The Turkish lira hit a new record low on Tuesday (November 3rd), ahead of the US presidential elections, the outcome of which may lead to strained relations between the two countries. The lira also retreated after data revealed that the annual inflation rate is close to 12%, despite the central …

The Sterling rose against the US Dollar to a 3-day high during the European session and trader are now looking for some subsequent buying that breaks through the psychological level of 1.3000. With the momentum beyond the resistance level specified at the upper bound of the descending about two weeks …

A spokesperson for the European Commission said on Tuesday that they have not yet found a solution on fisheries with Britain, as reported by Reuters.  “Britain has not replied in time to the EU letter concerning the breach of the Withdrawal Agreement,” the spokesperson added. “The Commission will consider the …

The International Monetary Fund (IMF) warned Monday, the coronavirus crisis is not yet over, urging economies to keep offering fiscal support to enabling a healthy recovery, per Reuters. “Support must be maintained throughout the crisis. A premature withdrawal of support would represent further damage to livelihoods and increase the likelihood …

There was a state of caution Tuesday, hours before the polls open in the United States, as investors prepare for a possible wave of the volatility after the elections. The US dollar fell by 0.2% against a basket of currencies to trade at 93.831, and the dollar hit its highest …

Saudi Aramco, the world’s largest oil producer, said its third-quarter profit fell by 45% from last year’s level, largely due to lower crude oil prices and lower sales volumes. Aramco said in a statement today, Tuesday, that Aramco’s net profit amounted to 44.2 billion riyals (11.8 billion dollars), while sales …