Oil prices maintained stability on December 27 as investors closely monitored developments in the Red Sea, where major shipping companies resumed transit despite ongoing attacks and heightened tension in the Middle East. Brent crude futures experienced a slight dip of 0.1%, falling 5 cents to $81.02 per barrel, while US …
Read More »Nasdaq maintains an upward trajectory 27/12/2023
Oil, Crude, trading
Read More »Dow Jones may resume rising 27/12/2023
Oil, Crude, trading
Read More »USD/JPY needs a confirmation signal 27/12/2023
japanese-yen
Read More »GBP needs additional momentum 27/12/2023
Oil, Crude, trading
Read More »Oil is recording notable gains 27/12/2023
US crude oil futures exhibited a significant uptrend in the previous trading session, leveraging robust support around $73.20 and reaching a peak of $76.14 per barrel. Technical indicators, including the positive alignment of simple moving averages and encouraging signals from the Relative Strength Index (RSI), contribute to the optimistic outlook. …
Read More »Gold expands its gains 27/12/2023
Gold prices have experienced a notable surge, aligning with the positive outlook outlined in the recent technical report issued last Friday. The precious metal reached the official target of $2068 and attained its highest level at $2069 per ounce during yesterday’s trading session. Today’s technical analysis suggests the potential for …
Read More »Euro continues its gradual rise 27/12/2023
The euro has maintained its upward trajectory against the US dollar, following the anticipated path outlined in the previous technical report. The currency successfully reached the targeted level of 1.1040, touching a peak of 1.1045. Technical Analysis Overview: Examining the 4-hour time frame chart reveals that the simple moving averages …
Read More »Russian Finance Minister: The budget deficit will reach about 1.5% of GDP in 2023
:Russian Finance Minister Anton Siluanov recently announced on state television that the projected budget deficit for 2023 is set to reach approximately 2.9 trillion rubles, equivalent to $31.6 billion, or about 1.5% of the country’s Gross Domestic Product (GDP). Siluanov highlighted that both expenditures and revenues exceeded initial expectations, attributing …
Read More »Dollar fluctuates in weak trading and Yen stabilizes
Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …
Read More »