Oil, Crude, trading

Negative trading dominated the US crude oil futures prices within the expected bearish path at the end of last week’s trading. It was heading towards the official target of 84.40, recording its lowest level of $84.30 per barrel. Technically, by looking at the 4-hour chart, we notice that Stochastic is …

Remarkable declines dominated gold prices, posting huge losses within the expected bearish trend during the last analysis, touching the official target at $1660/ounce and approaching by a few points from the second target of $1650, recording its lowest level at $1654 per ounce. On the technical side today, stochastic is …

Limited sideways trading tended to the negativity dominating the movements of the euro against the US dollar, and the current moves are witnessing the stability of the pair’s exchange rate below the parity point of 1.0000, which constitutes a pivotal level for the current trading levels. Technically, by looking at …

The dollar rose slightly against the yen on Thursday after data showed a more-than-expected recovery in US retail sales in August, while the Swiss franc reached its highest level against the euro since 2015. Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data …

New car sales in the European Union returned to growth in August after 13 months of decline. Sales increased 4.4% overall and rose in the main markets of Spain, Italy, Germany, and France, although they remained well below pre-pandemic levels, the European Union of car manufacturers said. This year and …

Gold prices stabilized on Friday, near their lowest level in more than two years, and are on track to record their worst weekly performance in two months, after expectations of a large interest rate hike by the Federal Reserve (the US central bank) raised bond yields. Which extinguishes the luster …

Oil prices were largely stable on Friday, but are heading for a weekly decline amid fears of sharp interest rate increases, which is expected to curb global economic growth and fuel demand. Brent crude futures rose 25 cents, or 0.3 percent, to $91.09 a barrel by 0921 GMT, but fell …

Citing sources familiar with the matter, Reuters reported on Friday that Saudi Arabia and Russia see $100 a barrel as a fair price for oil that the global economy can absorb. “Our focus is straightforward – looking at supplies and demand balances over a period of no less than a …

European shares fell on Friday as recession fears and expectations of a big interest rate hike during the Federal Reserve’s (US Central Bank) meeting next week weighed on sentiment. The pan-European Stoxx 600 index fell one percent moments after the opening bell, bringing its declines this week to more than …