Oil, Crude, trading
Read More »Gold tests support 4/4/2022
Gold prices achieved the expected bearish scenario, approaching a few points from the official station required to be touched around 1916, recording its lowest level in 1917. Technically speaking, and by looking at the 4-hour chart, we find the simple moving averages continuing the negative pressure on the price from …
Read More »Euro: Negativity is Looking For Confirmation 4/4/2022
Mixed trading dominated the euro’s movements against the US dollar at the end of last week’s trading, within a direction tilted to the downside after the pair failed to stabilize above the resistance level of 1.1150. Technically, we notice that the buying rejection still exists. However, by looking at the …
Read More »Weekly Recap – 28 March – 1 April
The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …
Read More »Oil is heading to record the largest weekly loss in two years
Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …
Read More »US Non-farm Payrolls rise in March
Nonfarm Payrolls (NFP) rose by 431,000 in March, below the median economist forecast for a 490,000 rise, data published by the US Bureau of Labor Statistics showed on Friday. However, the February Non-Farm Payrolls number received a hefty 72,000 upwards revision to 750,000 from 678,000, more than making up for …
Read More »Concerns about gas supplies cast a shadow over European shares
European stocks started the second quarter of the year on a cool note, as investors were gripped by worries about economic growth and inflation as Europe waited for a deadline to start paying for Russian gas in rubles. Russian President Vladimir Putin has threatened to cut gas supplies unless they …
Read More »Eurozone Preliminary Inflation surges 7.5% YoY in March
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 7.5% in March, coming in much higher than the previous reading of 5.9%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a hotter reading of 6.6%. The index hit another record high, as …
Read More »Gold is falling as bond yields increase, heading for a weekly loss
Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar. And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by …
Read More »Japan shares fall, affected by the decline of Wall Street and profit taking
Japanese stocks fell on Friday, dragged down by Wall Street’s slump, while investors continued a profit-taking spree after big gains last month. The Nikkei index fell 0.56 percent to close at 27,665.98 points, and the index fell 1.7 percent during the week. The broader Topix index fell 0.11 percent to …
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