Oil, Crude, trading

U.S. crude oil futures experienced significant losses at the start of the current week, surpassing the previous target of 71.90 and reaching a low of $70.78 per barrel. A bearish technical pattern, specifically a double top, is evident on the 240-minute chart. This, combined with persistent downward pressure from the …

Gold prices declined during the morning session, failing to break through the resistance level of 2666 and approaching a retest of 2635. The lowest price recorded so far is $2638 per ounce. Today, we lean toward a positive outlook, primarily relying on the price stability above the key support level …

The EUR/USD pair began the week with a notable decline, aligning with the anticipated downward trajectory from the previous technical report. The pair hit the target of 1.0880, with its lowest level recorded at 1.0882 during morning trading. From a technical standpoint, on the 4-hour chart, the simple moving averages …

Most Asian stocks climbed on Tuesday, tracking Wall Street’s record highs as the third-quarter earnings season approached. However, Chinese markets lagged due to disappointing economic data and fading optimism over fiscal stimulus measures from Beijing. Regional markets benefited from Wall Street’s strong performance, with the S&P 500 and Dow Jones …

The U.S. dollar hovered close to recent highs on Monday as investors reacted to underwhelming weekend stimulus announcements from China, while the euro continued its decline ahead of a key European Central Bank (ECB) meeting this week. The euro fell 0.1% to $1.092850, marking its 11th drop in 12 sessions …

In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …

European stock markets opened the week on a cautious note Monday, as investors processed discussions of potential Chinese fiscal stimulus while awaiting the European Central Bank’s upcoming rate-setting meeting. As of 03:10 ET (07:10 GMT), Germany’s DAX index edged 0.3% higher, while France’s CAC 40 and the U.K.’s FTSE 100 …

Bitcoin’s price climbed on Monday, continuing a weekend rebound after the defunct crypto exchange Mt Gox delayed its asset repayment to creditors by a year, alleviating concerns about a near-term sell-off. Despite the gains, broader crypto markets remained rangebound, with limited positive catalysts. Last week, prices were shaken by concerns …

Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from upcoming Federal Reserve speakers this week, while expectations of a November rate cut remained in focus. In the industrial metals market, copper prices dipped due to underwhelming signals on fiscal stimulus from …