Oil, Crude, trading
Read More »Gold Touches The Required Target Ahead of Inflation Data 10/2/2022
Gold prices maintained their gains within the expected bullish path, heading to touch the target price station at 1836, recording its highest level during the last session’s trading of 1835. Technically, and by looking at the 240-minute chart, we notice that the price continues to receive positive momentum signals from …
Read More »Euro Maintains Positive Atability 10/2/2022
The European single currency maintains positive stability, benefiting from a successful retest of the psychological barrier 1.1400 support level. As a result, the intraday movements are still stable above the mentioned level. On the technical side, the 50-day moving average still holds the price below, supporting the bullish pricing bias. …
Read More »Market Drivers – European Session 9-2-2022
Oil prices stabilized at around $90 a barrel on Wednesday, but the prospect of increased supplies from Iran and the United States kept prices under pressure. Brent crude futures fell 36 cents, or 0.4 percent, to $90.42 a barrel by 1150 GMT. West Texas Intermediate crude fell 43 cents, or …
Read More »Robust Imports Boost U.S. Trade Deficit to Record High
The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November’s data was revised down to $79.3 billion, instead of $80.2 billion in the …
Read More »Gold Locked in a Narrow Range as Investors Await Inflation Data
Gold prices were little changed on Wednesday as falling US Treasury yields ahead of the widely expected strong inflation data kept gold investors on the lookout. And the price of gold in spot transactions rose 0.1 percent to $ 1827.20 an ounce, and US futures settled at $ 1828.40. Analysts …
Read More »The Euro Stabilizes And The Dollar Stabilizes Ahead of Inflation Data
The price of the euro settled on Wednesday, at a level below its highest level in three weeks after Christine Lagarde, President of the European Central Bank played down the possibility of a significant rate hike. The dollar stabilized a day before the US consumer price index data, which may …
Read More »Lyft’s Fourth-Quarter Results Better Than Expected
Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 …
Read More »Gold Nears Two-Week High Ahead of US Inflation Data
Gold prices headed during trading, today, Wednesday, near the highest level in two weeks during the previous session, before the release of inflation data in the United States, which is expected to come in strong this week, despite the fact that the rise in US Treasury bond yields prompted investors …
Read More »Japan Shares Close Higher on Wall Street’s Footsteps
Japanese stocks closed higher on Wednesday after a rally led by the technology sector overnight on Wall Street, as investors bought shares of companies that reported strong results with sentiment rising further thanks to the approaching earnings season. The Nikkei index advanced 1.08 percent to close at 27,579.87 points, while …
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