Oil, Crude, trading

Trading tended to be positive and dominated the movements of the US crude oil futures contracts within the idea of retesting the resistance level of 75.40, as we mentioned last Friday, recording its highest level at $75.44 per barrel. Technically, the stochastic started to gradually lose bullish momentum in the …

Gold prices achieved substantial gains, taking advantage of the USD decline within the positive outlook, as we expected during last week’s trading, touching the official target station at $1880 per ounce. Technically, and by looking at the 4-hour chart, we note the stability of the price above the 50-day simple …

EURUSD pair jumped to achieve strong gains at the end of the trading week last Friday after it managed to exit from the sideways track, as we indicated during all trading reports of the past week, explaining that the price’s consolidation above the resistance level of the psychological barrier 1.0600 …

Wall Street’s major indices closed higher on Friday, supported by reports that although jobs increased in the United States more than expected, wage increases slowed and services activity contracted, easing concerns about the path of interest rate hikes by the Federal Reserve. The data published by Automatic Data Processing (ADP) …

Nonfarm Payrolls in the US rose by 223,000 in December, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in much higher than the market expectation of 200,000 and followed November’s increase of 256,000 (revised from 263,000). Further details of the publication revealed …

Inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), declined to 9.2% on a yearly basis in December from 10.1% in November, Eurostat announced on Friday. This reading came in below the market expectation of 9.7%. The annual Core HICP rose to 5.2% from …

European stocks rose on Friday, on track for their best weekly performance since November, with natural gas futures falling and positive economic data as investors await inflation data in the eurozone. The Stoxx Europe 600 index rose 0.1% by 0815 GMT, bringing its weekly gain to 3.4% so far. All …

Japan’s Nikkei index recovered early losses to close higher on Friday as investors bought back falling stocks and the yen fell against the dollar. The Nikkei index closed up 0.59 percent at 25,973.85 points, after it started trading on a lower note, affected by the decline on Wall Street at …

Oil prices rose about 1 percent on Friday, extending gains from the previous session, after data showed a decline in fuel stocks in the wake of the winter storm that swept the United States at the end of last year. And by 0203 GMT, Brent crude futures rose 79 cents, …