Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, while a shift in its tough anti-COVID-19 policy in late 2022 raised hopes for a recovery in fuel demand in the world’s largest crude importer this year. Brent crude futures rose …

Oil, Crude, trading

Negative trades continued to dominate the Canadian dollar after it failed to surpass the strong resistance level at 1.3470, which formed a strong resistance level that forced the pair to maintain the bearish bias. Technically, and by looking at the 240-minute chart, we find that the simple moving averages continue …

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures within both the bullish and bearish paths, with the beginning of this week’s trading recording a high of 80.00, then quickly returning to the bottom, recording a low of around 78.60. On the technical side today, the current movements are …

Gold prices jumped at the beginning of this week’s trading, achieving significant gains, surpassing the official target mentioned last Friday at 1910, recording its highest level at $1929 per ounce. Technically, by looking, we find the 1930 resistance level that formed an obstacle in front of the price to force …

Movements tending to be positive were quiet during the US markets holiday, for the EUR/USD pair to benefit from the support level of 1.0780, trying to maintain the bullish context, as the current movements witness intraday stability above the psychological barrier of 1.0800. Technically, and by looking at the 240-minute …

Russian Deputy Prime Minister Alexander Novak said today, Monday; Russia’s revenues from crude oil and natural gas increased by about 28% in 2022, in addition to an increase in oil exports by 7% and oil production by 2%. Also, Novak mentioned that Russia’s production and exports of liquefied natural gas …

Toyota Motor Corp. said Monday it aims to produce as many as 10.6 million vehicles in 2023, which could be its highest output. The Japanese auto giant added, however, that the final figure could be as much as 10 percent lower due to potential disruptions in the supply of parts. …

The dollar started the week on the decline, hitting a seven-month low against a basket of major currencies in Asian trading, and the yen was in focus as traders increased bets on the Bank of Japan adjusting its policy to control its bond yields further. The euro hit a new …