Oil, Crude, trading

Yesterday, US crude oil futures saw a dominant upward trend, aligning with the anticipated trajectory and initiating an attack on the 74.55 resistance level. It’s emphasized that breaching this level is essential for the continuation of the upward movement. From a technical standpoint, oil prices are striving to maintain positive …

Gold displayed an upward trend in the previous trading session, aligning with the positive outlook anticipated in the prior technical report. It reached the first official target of $2041 and approached the second target of $2049, achieving its highest level at $2047 per ounce. From a technical perspective, examining the …

In the previous technical report, we maintained a neutral stance due to conflicting technical signals and the pair’s confinement within a sideways price range. It was highlighted that activating buying positions would depend on breaching the pivotal resistance of 1.0960. Subsequently, the pair began its ascent, reaching a peak at …

In November, inflation in Canada, as measured by the change in the Consumer Price Index (CPI), held steady at 3.1% on a yearly basis. This figure surpassed market expectations, which had anticipated a rate of 2.9%. The higher-than-expected inflation rate suggests stronger upward price pressures in the Canadian economy during …

Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

Japan’s Nikkei rose and the yen fell on Tuesday after the Bank of Japan kept its ultra-loose monetary policy unchanged and offered no hints of an early end to negative interest rates. The Nikkei rose 1.41 percent to end Tuesday at 33,219.39. The broader Topix index compensated for an early …

European stocks experienced a rise on Tuesday, driven by gains in the technology, travel, and entertainment sectors. Investors were particularly focused on the upcoming inflation data in the eurozone to gauge potential signals for next year’s interest rate cuts. The European STOXX 600 index saw a 0.3 percent increase by …

Gold prices fell in limited trading on Tuesday as investors awaited more US economic data this week that may shed light on the Federal Reserve’s monetary policy outlook. By 0535 GMT, gold in spot transactions fell 0.1 percent to $2,024.49 per ounce. US gold futures also fell 0.1 percent to …

Oil, Crude, trading