Oil, Crude, trading

Positive attempts to gold prices succeeded in achieving the bullish correction scenario within the bearish trend heading for re-test the pivotal resistance level located at 1837, posting high at 1844. Technically speaking, by looking at 4-hour chart, we see gold has succeeded in stabilizing intraday above the level of 1826, …

The euro continues to maintain its gains against the US dollar over several sessions in a row, heading to visit the first goal to be achieved during the previous session at 1.2150, and approaching a few points difference from the second target of 1.2180, to record a high of 1.2175. …

There were 712,000 initial claims for unemployment benefits in the US during the week ending November 28, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed last week’s print of 787,000 and came in better than the market expectation of 775,000.

The dollar fell Thursday, December 3, to its lowest level in two and a half years against a basket of currencies, as investors bet that more economic stimulus from Washington and expected to start distributing vaccines for Covid-19 will support high-risk assets. While US lawmakers have failed to reach an …

The number of Coronavirus deaths in the United States rose by 3,157 yesterday to record the largest number since the start of the pandemic. 20,070 people tested positive for Corona, as California broke a new record of daily infections. Meanwhile, the US Center for Disease Control has cut the quarantine …

Annual inflation in Turkey jumped higher than expected, registering 14.03% in November, the highest level since August 2019 due to the drop in the lira, which remains on the pressures urging monetary policy tightening after a big interest rate hike last month. On a monthly basis, consumer prices increased 2.30% …

Retail Sales both in the Eurozone and the European Union increased by 1.5% on a monthly basis in October, the data published by the Eurostat showed on Thursday. This reading followed September’s contraction of 1.7% and beat the market expectation of +0.8%.

Oil prices rose Thursday, December 3, after a dispute erupted between two producers, including Saudi Arabia and Russia, over the need to extend the deadline for record production cuts that began during the first wave of the Covid-19 pandemic. Brent crude rose 21 cents, or 0.4%, to $48.46 a barrel …

OPEC and Russia will resume talks Thursday (December 3) in an effort to define policies for 2021 after an initial round of discussions this week failed to reach a compromise on how to cope with weak oil demand amid a second wave of the coronavirus pandemic. It was widely expected …