Oil, Crude, trading
Read More »Oil is Trying to Consolidate 17/2/2022
Oil, Crude, trading
Read More »Gold Returns to Consolidate Above The Resistance 17/2/2022
Positive moves dominated gold trades after testing the ascending channel’s support around 1844, which pushed it to rebound in the bullish direction to settle above 1859 resistance, and intraday stability above 1865. Technically, by looking at the 240-minute chart, we notice that the price continued to obtain a positive stimulus …
Read More »The Euro is Testing Resistance And Finding difficulty to Break Through 17/2/2022
The Euro retested the critical resistance mentioned in the previous report at 1.1380, explaining that it represents one of the most critical directional keys for the current trading levels, which forced the pair to trade negatively around 1.1345, the lowest level during the early trading of the current session. Technically, …
Read More »Canada: Annual CPI Rises to 5.1% in January
The headline Canadian Consumer Price Index (CPI) rose at an annual pace of 5.1% in January, above median economist forecasts for a pace of 4.8% and above December’s 4.8% YoY rate of price growth, according to data released by Statistics Canada on Wednesday. MoM, headline price growth came in at 0.9%, well …
Read More »The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede
The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for the month of January. Movements were small in the currency markets, and the …
Read More »Gold Rises as Investors Await The Release of The Minutes of The US Central Bank Meeting
Gold prices rose on Wednesday after falling in the previous session with the yellow metal retaining its allure as a hedge against inflation ahead of the release of the minutes of the Federal Reserve meeting later on Wednesday. Spot gold rose 0.1 percent to $1,854.97 an ounce by 1030 GMT. …
Read More »IEA’s Birol Again Urges OPEC+ to Narrow Their Oil Production Gap
International Energy Agency Director Fatih Birol said on Wednesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the cartel is known as OPEC+, must narrow the gap between their production targets and actual production. “There is a significant difference between the targets that OPEC+ countries set …
Read More »European Shares Rise With Focus on Ukraine
European shares posted cautious gains on Wednesday, buoyed by hopes of easing tensions between Russia and Ukraine, although the rise of Britain’s blue-chip index remained limited by accelerating inflation. The pan-European STOXX 600 index rose 0.2 percent by 0810 GMT, after rising 1.4 percent in the previous session, when Russia …
Read More »Oil Recovers Losses as Tensions Over Ukraine Persist
Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine’s borders, amid global supply shortfalls and rebounding fuel demand. Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, …
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