Oil, Crude, trading

Positive attempts for US crude oil futures prices within the expected bullish path to touch the first target mentioned in the previous technical report, at 80.50, recording its highest level of $80.67 per barrel. Technically, by looking at the 4-hour chart, the simple moving averages support the possibility of an …

Gold prices opened their first annual transactions with a noticeable increase within the expected upward path during the last report. As a result, we targeted the 1824 level, recording its highest level during the morning trading of today’s session at 1848. Technicals indicate the possibility of resuming the upward path, …

Quiet trades tended to positively dominate the movements of the EUR/USD pair to start attacking the resistance level of the psychological barrier 1.0700, which still an obstacle in front of the pair. Technically, by looking at the 240-minute chart, we find the 50-day simple moving average still carries the price …

European stocks rose in the first trading session of 2023 on Monday, after a difficult year marred by fears of a recession sparked by global central banks’ hike in interest rates and the Russia-Ukraine war. The pan-European Stoxx 600 index was up 0.5 percent at 0810 GMT, supported by interest …

The British government announced the termination of all gas contracts with the Russian government, and the British Foreign Office indicated that the decision comes to undermine the Russian war in Ukraine. The United Kingdom’s Foreign, Commonwealth and Development Office announced that it had ended all imports of Russian liquefied natural …

China has announced an extension of trading hours for foreigners on the yuan with the aim of supporting the currency’s popularity. Trading on the yuan will close at 3 am local time instead of 11:30 pm, starting on January 3, according to the People’s Bank of China. This decision comes …

On Friday, Japan’s Nikkei index gave up early gains to close flat ahead of the New Year holidays and post its first annual loss in four years. The index ended trading stable at 26094.50 points, after rising 0.9 percent earlier in the session, tracing the impact of the gains seen …

Oil prices rose on Friday and were on course for the second year in a row, albeit small, in a year marked by tight supplies due to conflict in Ukraine, a strong dollar and weak demand from China, the world’s biggest crude importer. Brent crude futures were up 44 cents, …

Gold prices stabilized on Friday, but were set to incur a loss for the second year in a row, as the Federal Reserve’s hike in interest rates severely weakened the attractiveness of non-yielding bullion. Spot gold rose 0.2 percent to $1,818.19 an ounce at 0540 GMT. US gold futures fell …