Oil, Crude, trading

Gold prices are still trading within a short trend that tends to the downside. However, the dominant feature is still unclear, as the current moves are witnessing a bearish tendency that is gradually approaching the 1774 support level. Technically, By looking at the 60-minute chart, we notice that the momentum …

Trading was calm and tended to the negativity within the bearish path after the Euro found a resistance level around the psychological barrier of 1.1300, unable to breach it until now. Technically, by looking at the 4-hour chart, we notice the return of intraday trading stability above the 50-day moving …

Markets are still looking for developments in Omicron as well as awaiting US data. In a widely expected move, the People’s Bank of China (PBOC) slashed the banks’ Reserve Requirement Ratio (RRR) by 50bps on Monday. Eurozone’s investor sentiment keeps worsening in the final month of the year, the latest …

Gold prices fell Monday, December 6, as appetite for less safe assets improved and the dollar rose on uncertainty over Omicron ahead of US inflation data this week. The dollar rose, making gold less attractive to holders of other currencies, while US 10-year bond yields made up for their losses. …

The dollar rose slightly on Monday, with US Treasury yields rising from their lowest in two and a half months hit last week, after news that initial observations showed that people with the new mutant of the Coronavirus Omicron had only mild symptoms. News from South Africa’s Omicron helped turn …

The week got off to a quiet start in Asia. This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3702 yuan per dollar. Japan’s Nikkei closed lower on Monday, dragged down by a sharp drop in SoftBank Group shares, but optimism about …

Bitcoin hovered near $49,000 on Monday, down 1.5% on the day, as traders took losses after a grueling weekend when the world’s most popular cryptocurrency at one point lost more than 20% of its value. This trajectory brought the price of Bitcoin and the amount invested in its futures contracts …

The Turkish lira fell 0.7% against the US dollar to return to its lowest levels, affected by continuing concerns about the monetary easing policies of the Central Bank, despite the increase in the inflation rate by more than 21%. The Turkish lira recorded 13.85 to the dollar by 06:17 GMT, …

Positive trades dominated the movements of the German DAX index, recording its highest level at the end of last week’s trading at 15,432. Technically, we tend to the negativity, but with great caution, relying on the stability of trading below the resistance level 15,250, in addition to the negative pressure …