Oil, Crude, trading

The negative pressure continues to dominate the yellow metal prices, gradually approaching the awaited second target 1844, to record its high during the previous session’s trading of 1851. Technical view indicates the possibility of continuing the bearish corrective slope based on the clear negative crossover signs on stochastic, coinciding with …

The technical outlook is unchanged, and the pair’s movements did not change for the second consecutive session, amid quiet trading that dominated the movements of the single European currency against the US dollar. The current movements are witnessing attempts to recover, but still limited. Technically, and with a closer look …

Industrial Production in the United States expanded by 0.8% on a monthly basis in May, the US Federal Reserve reported on Tuesday. This reading followed April’s growth of 0.1% (revised from 0.7%) and came in slightly better than the market expectation for an increase of 0.6%.

Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.

The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …

European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …

The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …

Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …

European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …