Oil, Crude, trading

Oil, Crude, trading

The prices of the yellow metal incurred heavy losses during the trading session last Friday, under pressure from the rise of the US currency, to end its trading around 1762. Technically, and by looking at the 4-hour chart, we find the continuation of the negative pressure is still valid, as …

The single European currency ended its weekly trading on a bearish slope, as the euro continued the descending path that started from the 1.1890 level to record its lowest level at 1.1754. On the technical side today, and with a careful look at the 4-hour chart, we find the simple …

Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …

ON FRIDAY, the S&P 500 index opened higher after the strong rise in the US non-farm payrolls in July. The index rose 0.2% on the day and reached a record high of 4440. The Dow Jones Industrial Average rose 13.2 points, or 0.45%, to 35,223 points, while the Nasdaq Composite …

US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half, according to a US Bureau of Labor Statistics report released on Friday. The US Labor Department said in its …

Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

Mortgage lender Halifax said Friday, August 8 that UK house prices rose in July, after falling in June. Halifax added that last month’s home prices rose 0.4% compared to June. On an annual basis, prices increased by 7.6% compared to July 2020.

The Nonfarm Payrolls report is expected to show an increase of 870,000 jobs in July. Here are the forecasts by the economists and researchers of four major banks regarding NFP report. Deutsche Bank “We are forecasting that NFP will have risen by +1M in July, which would be the fastest …