Oil, Crude, trading

US crude oil futures prices declined significantly within the expected bearish context during the last technical report, touching the first target of 77.00, and approaching by a few points the second target of 76.00, recording the lowest at $76.10 per barrel. Technically, by looking at the 4-hour chart, we find …

Gold prices finished the bearish correction referred to during the last analysis, during which we targeted to touch 1907 levels, to start a bullish rebound, taking advantage of the US currency’s decline after the Federal Reserve’s decision regarding interest rates. On the technical side today, we tend in our trading …

We adhered to intraday neutrality during the last report due to the conflicting technical signals, explaining that the condition for activating buying deals requires a breach of your psychological barrier 1.0900 for the pair to recover to target 1.0940 & 1.0970, reaching the official station 1.1030, recording its highest level …

The economic activity in the US manufacturing sector continued to contract at an accelerating pace in January with the ISM Manufacturing PMI dropping to 47.4 from 48.4 in December. This reading came in below the market expectation of 48. Underlying details of the report revealed that the Employment Index edged …

If markets are expecting a 25 basis point hike and eventually a 50 basis point hike is announced, that would be somewhat of a surprise. So, markets would react … Read: What Do Markets Expect From First FOMC Decision in 2023? The US Federal Reserve will announce its monetary policy …

European stocks rose on Wednesday, supported by gains in Novo Nordisk and other healthcare stocks, with eyes focused on the Federal Reserve’s interest rate decision later in the day. The pan-European STOXX 600 was up 0.3% by 0814 GMT, after a 6.7% jump last month when it posted its biggest …

Oil prices were generally stable on Wednesday as markets awaited the meeting of OPEC and its allies, the Federal Reserve’s decision on interest rates, and US government data on crude and fuel inventories. Brent crude futures fell 11 cents, or 0.1 percent, to $85.35 a barrel by 0949 GMT, while …

Japan’s Nikkei index gave up early gains to end Wednesday’s session little changed, as caution dominated the market ahead of a crucial Federal Reserve decision later in the day. At the same time, the difference between the winning and losing stocks was significant, amid investors’ interaction with the local earnings …

The dollar settled largely against other major currencies on Wednesday, after falling in the previous session following US data that indicated a lull in wage pressures, while investors awaited the conclusion of the Federal Reserve’s policy meeting. The US central bank is expected to raise interest rates by 25 basis …