The United Kingdom seized most of investors and traders’ attention. During London trading hours, the Financial Times suggested the Bank of England could delay the start of the quantitative tightening bond-selling program, sending the Pound up and adding pressure on the US dollar.However, the BOE quickly denied the news headline, …
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Negative trading dominated the performance of US crude oil yesterday, within the expected bearish path, approaching by a few points from the published target of 84.40, recording its lowest level at 84.60. Technically, we notice that the simple moving averages continue to support the bearish scenario and the bearish technical …
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US crude oil futures prices declined, nullifying the expected bullish context during the last analysis, in which we depended on the stability of daily trading above 86.65. Technically, and by looking at the 240-minute chart, we find the stability of the intraday trading below 87.00 that supports the decline, in …
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US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …
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Oil prices compensated for losses incurred earlier in the session and rose in Asian transactions on Friday, supported by the weakness of the dollar and the decline in US fuel stocks. At the same time, a row continues between Saudi Arabia and the United States over plans by the OPEC …
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US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …
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Oil prices fell for the third consecutive session on Wednesday as the dollar strengthened and investors prepared to receive US inflation data amid concerns about fuel demand raised by the risks of a global recession and the tightening of Covid-19 restrictions in China. By 0410 GMT, Brent crude futures fell …
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Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …
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Oil prices fell on Tuesday, extending losses of about two percent in the previous session, as a stronger dollar and an increase in coronavirus infections in China led to fears of slowing global demand. By 0342 GMT, Brent crude futures fell 27 cents, or 0.3 percent, to $ 95.92 a …
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US crude oil futures prices continue to achieve gains, supported by several factors that support prices, most notably the approval of OPEC members to reduce production by 2M bpd next month, to post $93.62 per barrel. Technically, the current movements are witnessing a bearish tendency as a result of profit-taking …
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