Data from the American Petroleum Institute showed that US inventories of crude oil rose last week, while gasoline and distillate stocks declined. Crude inventories increased by 951 thousand barrels over the week ending on October 2 to about 495.4 million barrels, while analysts’ expectations indicated an increase of 294 thousand …

Oil prices fell on Wednesday after US President Donald Trump dampened hopes for a fourth stimulus package to support the economy affected by the Coronavirus pandemic, in addition to an more than expected increase in US crude stocks. US West Texas Intermediate crude futures were down 42 cents, or 1 …

European stocks rose on Wednesday after reports of optimistic results from British Tesco and the German Dialog Semiconductor helped reduce the impact of uncertainties surrounding a new US stimulus program. The pan-European STOXX 600 index rose 0.2%. Asian stocks and US equity futures also recovered from sharp losses on Wall …

Data Wednesday revealed that German industrial production fell unexpectedly in August, indicating that the recovery in the largest European economy from the shock of the Corona pandemic may be less robust than initially expected. Data released by the Federal Statistics Office showed that industrial production fell 0.2% on a monthly …

The German DAX was able to apply the bullish scenario as we expected, surpassing the initial target to be achieved 12895/12890, shy of few points from the second goal 12965, recording its highest at 12947. Technically, the current movements of the index may witness a slight bearish tendency due to …

The Dow Jones Industrial Average managed to achieve our bullish targets located at 28190, just shy of 28240, recording its highest level at 28230. Technically, despite the bearish trend, we are biased towards negativity, relying on negative signs appearing on the RSI and staying below the 50 midline. Therefore, we …

The British Pound is witnessing a mild bullish bias against its Japanese counterpart, taking advantage of 136.00 support. Technically, we tend to be negative, given that the intraday trading remains below 136.80, and in general below 137.25, by looking at the chart, we find that Stochastic started losing the bullish …

The Canadian dollar is witnessing positive movements during the previous session, after it succeeded in breaching the 1.3260 resistance level. Technically speaking, the current moves are stabilizing above the psychological barrier of 1.3300 and the SMA 50 is holding the price with signs of a positive crossover from the stochastic …

Negative trading dominated the British pound against the US dollar after it failed to breach the psychological barrier of 1.3000,  we have indicated that a breach of that resistance is a prerequisite for the continuation of the buying position, explaining that the price remains below 1.2920 nullifies the bullish scenario …

Oil, Crude, trading