Oil prices fell by more than 1% Wednesday, December 23, after a sector report showed an unexpected increase in US crude oil inventories, while US President Donald Trump shocked the markets after he threatened not to sign a long-awaited aid package linked to Covid-19. Brent crude futures fell 71 cents, …

US President Trump has urged Congress to amend a $900bn coronavirus relief package to more than triple its stimulus payments to Americans. In a video message posted on Twitter, he said the package “really is a disgrace”, full of “wasteful” items. “It’s called the Covid relief bill, but it has almost …

European stocks rallied on Wednesday, December 23, as investors encouraged a report indicating the possibility of signing a trade deal later in the day for the post-Brexit phase, amid concerns about the long-awaited passage of a coronavirus-related aid package in the United States. The European Stoxx600 index rose 0.4% after …

Gold prices rose on Wednesday, December 23, supported by the dollar’s decline and continued optimism about the stimulus package in the United States even after President Donald Trump threatened not to sign the aid package linked to the pandemic. Spot gold rose 0.3% to $1864.29 an ounce by 07:05 GMT, …

Data from the American Petroleum Institute on Tuesday showed that US inventories of crude oil rose in the latest week. Crude stocks rose 2.7 million barrels over the week ending December 18 to about 497.7 million, while analysts’ expectations in a Reuters poll indicated a decline of 3.2 million barrels. …

The bearish trend continues to control the movements of the German DAX, stable around its lowest level during the morning session of the current session 13,218. On the technical side, we tend to be negative, depending on the negativity of the stochastic indicator, in addition to continuing trading below the …

The Dow Jones Industrial Average declined significantly on Wall Street during the previous session, recording its lowest level at 29,734. On the technical side, and with a closer look at the 60-minute chart, we find that the simple moving averages continue to pressure the price from the top, supported by …

The British Pound started its daily trading with a bullish slope, but it is still limited benefiting from stability above the psychological barrier of 138.00. On the technical side, and despite the current slight bullish bias, we tend to be negative, depending on trading stability below 139.20 accompanied by the …

The Canadian dollar found a strong resistance level around 1.2930, which limited the completion of the bullish correction scenario, as the current moves witness a slight bearish slope within attempts to re-test 1.2850. Technically speaking, we will continue maintaining the bullish correction, depending on trading stability above 1.2850, and generally …

Oil, Crude, trading