Oil, Crude, trading

Strong resistance around 82.20, which formed a strong obstacle in front of US crude oil futures prices, contradicting the positive outlook as we expected, in which we relied on the stability of daily trading above 81.00, explaining that the return of trading stability below 81.00 is capable of postponing the …

Gold prices were able to touch the first official target station during the technical report issued yesterday at 1943 price, recording its highest level of 1943, which formed a strong resistance level that forced gold prices to re-test a typical support level of 1920 and it still maintains the bullish …

The technical outlook is unchanged, and the movements of the Euro-dollar pair did not undergo any significant change, including its success in achieving the idea of retesting the support published during the previous report at 1.0835, which forced it to rebound bullishly, and now hovering around the psychological barrier of …

Crude oil prices stabilized on Tuesday amid concerns about the global economic slowdown and the expected increase in US oil inventories, which was offset by hopes for a recovery in fuel demand from China, the world’s largest oil importer. Brent crude fell 30 cents, or 0.3 percent, to $87.89 a …

The U.S. hit the debt ceiling The U.S. Debt Ceiling is an essential fiscal tool that has been around for a while; however, it has recently become a source of much debate and discussion.  The debt ceiling is the legal limit to which the U.S. government can borrow money from …

The dollar hovered near a nine-month low against the euro on Tuesday and gave up recent gains against the yen, as traders weigh the prospects of a US recession as well as the Federal Reserve’s interest rate path. The dollar index, which measures the US currency against a basket of …

Japan’s Nikkei index closed at its highest level in more than a month and a half on Tuesday, recouping all its losses since the Bank of Japan’s surprise monetary policy adjustment last month, and technology stocks led the rally, following Wall Street’s gains. The Nikkei rose 1.46 percent to close …

Gold prices rose on Tuesday amid a weaker dollar, and it is likely that the precious metal’s near-term prices will remain dependent on US economic data expected to be published this week and may affect the Federal Reserve’s interest rate strategy. Spot gold rose 0.2 percent to $1,935.04 an ounce …

Oil, Crude, trading