Oil, Crude, trading

Gold prices managed to touch the first target at 1746, to return to the bullish rebound, benefiting from the support level, close to retesting 1768, recording the highest of 1765. Today’s technical aspect indicates fluctuation within a sideways range between resistance level 1768, the 61.80% Fibonacci correction, and support level …

The single European currency continues to achieve losses against the US dollar within the negative future outlook, as we expected it to touch the first target of 1.1560, a few points from the official target station 1.1500, recording the lowest price at 1.1528. Technically, we notice some positive movements that …

Wall Street’s main indexes opened lower on Wednesday after rising oil prices fueled inflation fears, while a survey showing a strong rise in private-sector jobs last month fueled concern that monetary stimulus would be scaled back sooner than expected. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, …

Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.

The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …

The dollar rose on Wednesday, on concern that higher energy prices would spur inflation and raise interest rates, as traders awaited US jobs data for clues about the timing of the Federal Reserve’s tightening of policy. The New Zealand dollar fell 0.9% to $0.6891, and the Australian dollar fell 0.7% …

As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April 2024 Australian Government bond; continue to purchase government securities at the …

Data showed that retail sales in the eurozone missed expectations in August, as consumers curbed spending on food, beverages, and tobacco. The European Union statistics office Eurostat said retail sales, an indicator of consumer demand, in the 19 euro-denominated countries rose 0.3 percent month-on-month in August, unchanged from the previous …

European shares fell more than 1% on Wednesday, as rising oil prices intensified concerns about rising inflation, and investors shifted from high-growth technology stocks to banking stocks. After rising late on Tuesday, the pan-European STOXX 600 index fell 1.2%, with the technology sector down more than 2%. Banking shares fell …