Oil, Crude, trading
Read More »Gold Trying Positively And Looking For New Catalysts
Mixed trading dominated gold prices during the previous session’s trading, and trading is still limited from the bottom above 1894 and from the top below 1910. On the technical side today, the price stability above 1894 supports the continuation of the rise, in addition to the positive signals coming from …
Read More »The Euro is Finding It Difficult to Break The Resistance
EUR/USD witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published in the previous analysis 1.2245, which we explained as one of the conditions for the continuation of the rise. Technically, by …
Read More »ILO: The Global Job Market Will Not Recover From The Pandemic Until at Least 2023
The International Labor Organization said that at least 220 million people are expected to remain unemployed globally this year, well above pre-pandemic levels, in light of a weak recovery in the labor market.exacerbates the current disparity. The United Nations organization expects an improvement to drop the number to 205 million …
Read More »Turkey’s Trade Deficit Rises 20.7% Y-o-Y in May
The Turkish trade deficit in May increased by 20.74% on an annual basis, to $4.15 billion, according to the General Trade System. Data from the Commerce Ministry showed that exports rose 65.5% to $16.48 billion, compared to the same month last year when Ankara began easing restrictions on trade to …
Read More »Oil Extends Gains Thanks to OPEC+ Plan And Demand Expectations
Oil prices rose after OPEC and its allies agreed to commit to a cautious return to oil supplies to the market in June and July, with expectations of a strong recovery in demand in the United States and China, the world’s largest oil consumers. US West Texas Intermediate crude rose …
Read More »Gold Falling as The Dollar And Bond Yields Rise, Supported by Strong US Data
Gold prices retreated on Wednesday from their highest level in nearly five months recorded in the previous session, as the dollar and US Treasury yields rose on the back of strong manufacturing data. And gold fell in spot transactions 0.2% to $ 1896 an ounce during the session, after hitting …
Read More »Japan Shares Rise With Hopes of Resuming Economic Activities, Travel And Real Estate Companies
Japanese shares closed higher on Wednesday, June 2, buoyed by gains in the hotel sector, as increased activity in vaccination campaigns raised hopes of resuming economic activities, while shares of automakers rose to new records amid an increase in global demand. The Nikkei index rose 0.46% to close at 28946.14 …
Read More »Turkish Lira Hits Record Low After Erdogan Calls For Interest Rate Cuts
Turkish President Recep Tayyip Erdogan reiterated that his country needed to cut interest rates and that he had spoken to the central bank governor about the issue, which has sent the lira to new record lows against the dollar. “I spoke to the central bank governor today – we definitely …
Read More »The Dollar Catches a Breath After The Growth of US Industrial Production
The dollar clung to its slight gains during Wednesday, June 2, rising from its lowest levels in nearly five months against other major currencies, as the improvement in industrial production in the United States led to continued speculation that the Federal Reserve would return to adopting usual policies quickly. The …
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