Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous report, explaining that we are waiting for gold prices to exit the transverse range from below above 1774 and from above below 1790, explaining that activating buying positions requires breaching 1790 targeting 1799 first target and then 1808 next station to succeed …

The single European currency benefited from the support level published in the previous analysis at 1.1665, explaining that breaking this level is a condition to continue resuming the rise and forced the pair to rebound the limited upside to retest 1.1700. On the technical side today, despite the current bullish …

For the first time since the beginning of last May, Bitcoin, the largest cryptocurrency by value, succeeded in surpassing the $50,000 levels, which served as an important psychological resistance point for the bulls. According to analysts, testing the levels of $50,000 establishes new support levels above the $48,000 in an …

The US dollar fell against its rivals on Monday in a bout of profit-taking after posting its largest weekly rise in more than two months last week, supported by concerns about the global growth outlook, and the main source of investor concerns is the global importance of the Coronavirus delta …

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.53 in July from -0.01 in June.

Germany’s economic growth may fall short of expectations this year, the Bundesbank said in a monthly report on Monday, and that the resurgence of the coronavirus could impose unexpected pressure on the economy in the fall. Europe’s largest economy is expected to grow by about 3.7% this year and 5.2% …

Oil prices jumped more than 3% Monday, August 23, after a seven-day losing streak driven by a weaker dollar, despite demand concerns fueled by an increase in cases of the mutated delta strain of the coronavirus. Brent crude rose $2.17, or 3.2%, to $67.35 a barrel by 09:01 GMT, after …

Monday’s survey showed that the strength of business activity in the eurozone continued this month, but down from the highest pace in two decades recorded in July, as the pace of vaccination campaigns allowed more companies to open their doors and customers venture out of their homes. Activities could have …