Oil, Crude, trading

Mixed movements dominated the prices of US crude oil futures contracts, but trading tended to be positive to succeed in recording good gains, touching the level of $81.86 per barrel. Technically, by looking closely at the 4-hour chart, we find that oil prices continue to get a positive impulse from …

Gold prices continued achieving strong gains at the expense of the US dollar, as we expected within a gradual rise to visit the official target published during all technical reports last week at the price of 1950, recording its highest level at $1937 per ounce. Technically, and with a closer …

The euro-dollar pair ended last week’s trading on a noticeable increase, and started today’s session’s trading as well, achieving significant gains within the expected general bullish path, to begin attacking the psychological barrier 1.0900, gradually approaching the target required to be achieved during the previous technical report at 1.0940, recording …

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

Alphabet, the parent company of Google, said it would lay off 12,000 employees, about 6% of the company’s global workforce. Amazon and Microsoft had previously announced layoffs of 18,000 and 10,000 employees, respectively. The company’s CEO, Sundar Pichai, told employees in an email today that he takes “full responsibility for …

The UK Retail Sales arrived at -1.0% over the month in December vs. -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. -0.3% previous. On an annualized basis, the UK Retail Sales plunged 5.8% in December versus -5.7% prior while the Core …

Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings miss. The company also disclosed that co-CEO Reed Hastings would be stepping down from his position and transitioning to the post of …

Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices look to offset declining sales volumes and foreign exchange headwinds. Here’s how P&G performed in its fiscal second quarter of 2023 compared with what Wall Street anticipated, based on an average of analysts’ estimates compiled …

European stocks rose on Friday as bullish investors weighed the potential impact of the week-long Lunar New Year holiday after China lifted restrictions imposed to curb the spread of COVID-19, but fears of a global economic slowdown continued to dampen sentiment. The pan-European Stoxx 600 index was up 0.2 percent …