Oil, Crude, trading

US crude oil futures prices continue to achieve gains, supported by several factors that support prices, most notably the approval of OPEC members to reduce production by 2M bpd next month, to post $93.62 per barrel. Technically, the current movements are witnessing a bearish tendency as a result of profit-taking …

The prices of the yellow metal suffer from the continued rise of the US dollar, forcing the price to trade again below the $1700 level per ounce, recording $1,661, its lowest price in almost a week. On the technical side today, the simple moving averages still constitute an obstacle to …

Negative trading dominated the euro’s movements against the US dollar at the beginning of this week’s trading, recording its lowest level at 0.9680. Technically and carefully looking at the 240-minute chart, we notice the continuation of the negative pressure coming from the simple moving averages that support the bearish price …

The Eurozone Sentix Investor Confidence index deteriorated to -38.3 in October from -31.8 in September vs. -34.7 expected. The index fell to its lowest level since March 2020, signaling a deep recession. The current situation in the eurozone dropped to -35.5 points in October from -26.5 in September, the lowest …

After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …

Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …

The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …

European shares fell for a fourth consecutive session Monday, October 10, as investors worried about the impact of rising tension between Ukraine and Russia and central banks’ determination to curb inflation on economic growth and corporate profits. The pan-European Stoxx 600 index was down 0.6% by 0708 GMT, its lowest …

Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …