Oil, Crude, trading

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Mixed and predominantly negative trades characterized the movements of US crude oil futures, reaching a low of $67.74 per barrel, with current intraday stability around $69.50. From a technical perspective, the simple moving averages continue to exert downward pressure on the price from above. A closer look at the 4-hour …

Gold prices saw an uptick against the US dollar following the Federal Reserve’s decision to stabilize interest rates, indicating a downward trend. In the previous technical report, we highlighted that a move upwards and consolidation above 2003 would halt the bearish trend. Now, we anticipate gold to target 2019 and …

After several consecutive sessions marked by a sideways price range confined between 1.0760 and 1.0800, the euro experienced a surge against the US dollar. This upward movement was supported by the decline of the dollar following the Federal Reserve Committee’s statement on stabilizing interest rates. From a technical perspective, the …

It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …

On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) expressed cautious optimism regarding the fundamental factors influencing the oil market in 2024. OPEC attributed the recent decline in oil prices to “exaggerated concerns” about demand. Despite the recent drop in prices, OPEC maintained its relatively high forecast for oil …

On Wednesday, European stocks navigated within a narrow range as investors exercised caution in making riskier bets ahead of the Federal Reserve’s decision on interest rates and the future trajectory of monetary policy. The European STOXX 600 index recorded a slight increase of 0.1 percent by 0810 GMT. This modest …