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The Central Bank of Turkey raised the main interest rate “repo” by 750 basis points to 25%, which shocked the markets that were priced at a hike of only 250 basis points, which pushed borrowing costs to their highest levels since January 2004. The central bank’s decision to raise interest …

Gold prices rose to their highest levels in two weeks on Thursday, as a decline in the dollar and Treasury yields increased the appetite of investors for bullion, as they awaited clues about the path of interest rates during a meeting of central bankers in Jackson Hole. And by 0629 …

Japan’s Nikkei rose for the fourth straight session on Thursday, posting its longest winning streak since mid-June, after record earnings from US chip designer NVIDIA lifted shares of Japanese technology companies. The Nikkei index increased 0.87 percent to 32,287.21 points at the close, approaching its highest level during the day, …

Oil prices fell on Thursday with the release of disappointing economic data from major economies, while investors await Federal Reserve Chairman Jerome Powell’s speech on Friday, looking for any indications on the path of interest rates. And by 0619 GMT, Brent crude fell 19 cents, or 0.2 percent, to $ …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar achieved the first official target required during the previous report, at 1.3600, recording its highest level at 1.3605. Technically, the pair’s movements witnessed a rapid bearish tendency as a result of the collision with the resistance of the psychological barrier 1.3600, which forced the pair to retest …

japanese-yen

Oil, Crude, trading

The prices of US crude oil futures contracts declined significantly during the previous trading session, touching the bearish target required to be achieved yesterday at 78.60, recording its lowest level at $77.68 per barrel. Technically, looking at the 4-hour chart, the simple moving averages continue to exert negative pressure on …