Gold prices rose in a limited range Thursday (November 5th), as investors expressed cautious optimism about Democratic candidate Joe Biden’s victory over his rival, President Donald Trump, in the close-range US presidential elections. Analysts expect Biden to likely take greater stimulus measures than his rival, the Republican president, although the …

The US Energy Information Administration said on Wednesday that crude oil inventories in the United States fell significantly in the past week, while gasoline inventories rose and distillate stocks decreased. Crude stocks fell by 8 million barrels in the week to October 30, compared to analysts’ expectations in a Reuters …

Following the BOE’s policy announcement, the central bank released the minutes of the meeting, with the key highlights found below (via Reuters). “Market participants attach some weight to the possibility of a negative bank rate.The market path for interest rates averages zero over the forecast period.Market-implied path for bank rate …

According to data from the US Energy Information Administration, weekly US crude oil exports fell by 1.2 million barrels per day to about 2.3 million barrels per day last week, the largest drop since January, as Hurricane Zita disrupted flows. Meanwhile, distillate stocks in the Gulf of Mexico in the …

The dollar fell to its lowest level in more than two years against the yuan and fell against other Asian currencies, with the Joe Biden approaching the White House in an exciting US presidential election. The pound weakened against the dollar and the euro after media reports that the Bank …

The German DAX jumped in the previous trading session, posting strong gains, touching 12354. Technically, looking at the 60-minute chart, we see the SMA 50 holding the price in addition to consolidating above the previously broken resistance 12100. Consequently, we may witness continued bullish attempts, which are confirmed by breaching …

US President Donald Trump maintains his lead over rival former Vice President Joe Biden in Pennsylvania as well as Georgia, with 89% and 95% of the respective votes counted so far, according to Edison Research. Trump has 50.7% while Biden has 48.1% of votes in Pennsylvania while in Georgia, the …

The Dow Jones Industrial Average managed to achieve strong gains in the previous session, touching our awaited target at 28110, peaking at 28190. Technically, we tend to be positive, but very cautiously depending on the RSI consolidation above the 50 on the short time intervals of the positive stimulus from …

Oil, Crude, trading

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 …