Oil, Crude, trading

We committed to the intraday neutrality during the previous report due to the conflicting technical signals, explaining that the activation of short positions depends on a clear break of the 1890 support level, which puts the price under strong negative pressure to resume the bearish path with an initial target …

The euro continues trading within an upward path, maintaining positive stability above 1.1800, a few points shy from the target of 1.1880, to hit a high of 1.1870. Technically, with the pair succeeding in retesting 1.1800, in addition to the positive stimulus of the 50-day moving average. This encourages us …

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 6.3 in November from 10.5 in October, the NY Fed’s report revealed on Monday. This reading missed analysts’ estimate of 13.5 by a wide margin.

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Oil began to rise towards $ 41 levels on their way to record the second week of gains by more than 10%. There are several factors …

Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …

Risk flows started to dominate financial markets on Monday after Moderna announced that its COVID-19 vaccine candidate is expected to remain stable at standard refrigerator temperatures of 2° to 8°c for 30 days.

European stocks rose on Monday (November 16th), hovering near nine-month highs after strong Chinese data and hopes for a COVID-19 vaccine renewed bets on a faster economic recovery. Chinese factory production increased faster than expected in October and retail sales rose as the recovery momentum in the world’s second largest …

China’s National Bureau of Statistics said that Chinese economic growth will accelerate in the Q4 at a faster pace than in Q3. The latest data showed that Chinese industrial output rose faster than expected in October, while retail sales grew at a slower than expected pace.

Oil prices rose on Monday, November 16, offsetting some of the previous session’s losses to support hopes that OPEC + will maintain the current production restrictions, overshadowing concerns about the decline in fuel demand due to the growing infection with the Coronavirus and the increase in production in Libya. Prices …