The dollar dives with all eyes on the US mid-term elections. So, the euro has squeezed higher on Tuesday’s US trading to hit session highs at 1.0550 with the US dollar dropping suddenly versus rivals. From a wider perspective, however, the pair has been moving without a clear direction, both …
Read More »Gold jumps to 5-week high, approaching $1700
Gold price creeps higher amid the lack of US economic data as investors observe the results of the US mid-term elections and October’s CPI. Treasury yields are lower on the day, while expectations for a 50 bps rate hike by the Fed stood above 50%. Gold price is subdued as …
Read More »Turkey begins paying in rubles for some Russian gas purchases
According to Reuters, Turkish Energy Minister Fatih Donmez said on Tuesday that Turkey has started paying in Russian rubles for some of its natural gas purchases from Russiam. In an interview with the TRT news channel of the Turkish Radio and Television Corporation, Donmez said the share of payments in …
Read More »Gold falls on dollar strength ahead of US midterm elections
Gold prices fell on Tuesday, November 8, due to a slight rise in the dollar, in addition to shifting investors’ attention to inflation data in America, which is expected to be released next Thursday. Markets are awaiting inflation data because of its impact on the Federal Reserve’s decision to raise …
Read More »Eurozone Retail Sales drop 0.6% YoY in September
Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday. On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast. EURUSD comes under …
Read More »European stocks open lower, and mining companies are the main losers
European shares opened lower on Tuesday, with miners leading the decline amid fears of slowing demand in China and investors being cautious ahead of the US midterm elections that will determine who will have control of Congress. The Stoxx 600 index was down 0.4 percent by 0808 GMT. The European …
Read More »Oil prices fall amid concerns about Chinese demand and recession
Oil prices fell on Tuesday, as fears of a recession and the worsening outbreak of the Coronavirus in China raised expectations of lower demand for fuel, outweighing concerns about supplies. Brent crude fell 23 cents, or 0.2 percent, to $ 97.69 a barrel by 0726 GMT, while US West Texas …
Read More »Dow Jones exceeds goals and eyes on Congress 8/11/2022
Oil, Crude, trading
Read More »CAD under negative pressure 8/11/2022
The Canadian dollar declined noticeably yesterday within the expected bearish context, only to reach its lowest level during the last session’s trading around 1.3465. Technically, we are inclined in our trading to the negativity, relying on the continuation of the effect of the bearish technical structure shown on the 4-hour …
Read More »GBP tries to maintain gains 8/11/2022
Oil, Crude, trading
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