Oil, Crude, trading

Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …

The Euro started pressure on the solid support level at 1.1280 in a negative trading session yesterday, after the single European currency found selling orders at the main supply point 1.1380. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the simple moving averages. …

Goldman Sachs expected the US Federal Reserve to raise interest rates during its upcoming meetings, specifically starting from the next March meeting. The Fed may decide to raise rates 4 times during March, June, September and December. The US investment bank suggested that the US Federal Reserve would start reducing …

Bitcoin tumbled nearly 9 percent on Monday to a six-month low, as fears of a Russian attack on Ukraine kept selling risky assets at a rapid pace around the world. Bitcoin, the largest cryptocurrency, fell 8.8 percent to $ 33,058, its lowest level since July 23, to suffer losses of …

European shares fell in early trading on Monday, with technology shares falling as fears of monetary tightening sparked a sell-off in global stocks over the past week. The pan-European Stoxx 600 index was down 0.4 percent by 0814 GMT, with Asian markets also under pressure as investors awaited monetary policy …

Manufacturing PMI in the UK declined to 56.9 in early January from 57.9 in December, IHS Markit reported on Monday. This print came in worse than the market expectation of 57.9. Further details of the publication revealed that the business activity in the services sector expanded at a softer pace …

The economic activity in Germany’s manufacturing sector grew at its strongest pace in five months with Markit Manufacturing PMI jumping to 60.5 from 57.4 in December. This print surpassed the market expectation of 57. Additionally, Markit Services PMI advanced to 52.2 from 48.7 in December, showing that Germany’s service sector …

The Nikkei index reversed course to close higher on Monday as investors snapped up cheaper stocks after a rally in US stock futures, but the rally was limited by caution ahead of the US Federal Reserve’s policy meeting this week. The Nikkei rose 0.24 percent to 27,588.37 points. Earlier, the …

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued efforts to increase production. Brent crude futures rose 87 cents, or 1.0 percent, to $88.76 a barrel by 0100 GMT, ending …