Oil, Crude, trading

US crude oil futures prices hit the first awaited target yesterday at 90.00 to succeed in recording the highest price of $90.35 per barrel. Looking at the chart, crude oil is consolidating above the strong support floor at 88.10, accompanied by the positive motive coming from the 50-day simple moving …

Gold prices witnessed mixed movements during the previous trading session, influenced by the Federal Reserve’s decision to raise interest rates by 75 basis points for the fourth time this year. Technically, trading quickly returned to stability below the strong supply area published during all technical reports for the current week …

The movements of the euro against the dollar witnessed a clear fluctuation after the Federal Reserve decided to raise interest rates by 75 basis points to reach an interest rate of 4.0%. However, the movements remained negative within the bearish technical path as we expected, approaching the first target station …

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 239,000 in October. This reading came in better than the market expectation of 193,000. September print of 208,000 got revised down to 192,000. Commenting on the data, “this is a …

European shares started trading higher on Wednesday, boosted by the rise of the Danish pharmaceutical company Novo Nordisk, while hopes were raised that the Federal Reserve may hint at a slowdown in the pace of monetary tightening at its meeting later on Wednesday. The pan-European STOXX 600 index rose 0.3 …

Oil prices fell on Wednesday ahead of the Federal Reserve’s expected rate hike, but expectations of a decline in US crude inventories and European sanctions on Russian oil limited losses. Brent crude fell 56 cents, or 0.6 percent, to $ 94.09 a barrel by 1027 GMT, while US West Texas …

The Kremlin said on Wednesday that it is still in contact with Turkey over the Ukraine grain deal but that Russia’s participation is currently suspended. Russia suspended its participation in the deal at the weekend, saying it could not guarantee the safety of civilian ships crossing the Black Sea due …

Japan’s Nikkei index ended Wednesday’s trading in the Tokyo Stock Exchange little changed amid weak trading ahead of the Federal Reserve’s decision on interest, which would also give clues to the bank’s future policy path. Still, investors were keen to buy Sony Group shares in light of strong expectations. Nikkei …

Oil, Crude, trading