Oil, Crude, trading

Quiet movements tending to the upside dominated the movements of US crude oil futures contracts within the desired upward path, approaching by a few points from the first official target of 82.30, only to record the highest, around $82.00 per barrel. Technically, with a closer look at the 4-hour chart, …

Gold prices achieved the official target required during the previous technical report at 1945, recording its highest level of $1949 per ounce. Technically, we find that gold prices succeeded in basing themselves on the previously breached resistance level and converted into a support level at the price of 1936, accompanied …

Yesterday, the euro presented a positive trading session against the US dollar within the expected positive outlook, in which we relied on confirmation of the pair’s breach of the 1.0880 resistance level, explaining that this is a motivating factor that enhances the chances of touching 1.0915, a first target, and …

According to data released on Wednesday by Automatic Data Processing (ADP), private-sector employment in the United States increased by 177,000 in August. This result came in below the market expectation of 195,000 and following a 371,000 increase (revised from 324,000) in July. “Job stayers saw a year-over-year pay increase of …

The US economy grew at an annual pace of 2.1% in the second quarter, falling short of the earlier estimate of 2.4%. According to the Bureau of Economic Analysis, “the updated estimates primarily reflected downward revisions to private inventory investment and nonresidential fixed investment, which were partially offset by an …

India’s Oil Minister, Hardeep Singh Puri, told the media that his country would buy oil from all available sources at the “lowest possible prices”. India has been buying crude oil from Russia, now its biggest supplier, at discounts since the West imposed restrictions on imports from Moscow following its invasion …

European stocks rose at the open on Wednesday after positive results from Prudential Insurance supported the sector index, while investors awaited more important data to assess the strength of the economy in the region. By 0703 GMT, the European STOXX 600 index rose 0.1 percent after rising about 1 percent …

The US dollar recovered from some of the sharp losses it incurred in the previous session, as investors awaited more data from the labor market for indications of the Federal Reserve’s policy path. The dollar index, which measures the performance of the US currency against a basket of six major …

The Nikkei index closed at a three-week high on Wednesday as investors bought back plunging stocks and a boost from an overnight rally on Wall Street lifted market sentiment. The Nikkei ended the session up 0.33 percent, recording 32,333.46 points, the highest level since August 10, after continuous gains for …