Oil, Crude, trading

The yellow metal prices consolidated its gains at the expense of the US dollar’s ​​decline, heading to touch the target price station during the last analysis at 1828, recording its highest level at 1828. Technically, and by looking at the 4-hour chart, we notice the price’s intraday stability above the …

Within the bullish context published during the previous analysis, the single European currency managed to achieve noticeable gains against the US dollar. Therefore, we relied on confirming the breach of 1.1380, targeting 1.1360, on recording the euro’s highest level at 1.1455. On the technical side today, and with careful consideration …

The US dollar index settled near its lowest level in two months during Thursday’s trading, after inflation data revealed that it had recorded its highest level in nearly forty years. The US consumer price index rose 7% year-on-year in December, the fastest pace since 1982. However, US President Joe Biden …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.0% on a yearly basis in December from 6.8% in November, the US Bureau of Labor Statistics reported on Wednesday. That was in line with the median economist forecast for a reading of 7.0%. The MoM …

The US bank, Goldman Sachs, cut its growth forecast for China, as it faces a difficult battle to contain the spread of the fast-spreading Corona mutated, and the US investment bank now sees that the economy will grow 4.#% this year, compared to 4.8% its previous forecast. Economists at the …

The price of the dollar settled near its lowest level in two months against the major currencies on Wednesday, ahead of the release of data that is expected to show a new rise in the US inflation rate, which supports the prospects of rising interest rates early. Federal Reserve Chairman …

European shares rose on Wednesday, tracking gains made by Wall Street in the evening after Federal Reserve Chairman Jerome Powell expressed a less hawkish stance on monetary policy during testimony before Congress. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, following the path of global stocks, after Powell …

Japanese stocks rose on Wednesday after investors accepted shares that had fallen in price before, after the Federal Reserve Chairman Jerome Powell’s less hawkish-than-expected comments supported US stocks. The Japanese Nikkei index closed up 1.92 percent, recording 28,765.66 points, achieving the highest daily increase since December 21, while the broader …

The statements of US Federal Reserve Chairman Jerome Powell came with a state of concern in the markets about the lack of supply resulting from the current events in Libya and Kazakhstan, giving a solid boost for oil prices. Powell stressed that the fed uses all tools to manage the …