Data showed on Monday that annual consumer price inflation in Turkey jumped to a 20-year high of 61.14 percent in March, driven by higher energy and commodity prices in the wake of the Russia-Ukraine conflict, compounding the impact of the lira’s collapse late last year. The rate of inflation has …
Read More »Oil tops $105 as supply worries persist
Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …
Read More »European shares open for an increase with the support of the healthcare sector
European shares rose on Monday, led by an advance in healthcare stocks, as investors awaited more Western sanctions after Ukraine accused Russia of war crimes. The pan-European Stoxx 600 index rose 0.3 percent, after ending the week with a 1 percent increase. Pharmaceutical company Roche rose 1.5 percent after the …
Read More »Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks
Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains. The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session. The broader Topix …
Read More »Dow Jones Breaks Support 4/4/2022
Oil, Crude, trading
Read More »CAD Trying to Get Positive Signals 4/4/2022
The Canadian dollar’s trying to obtain more bullish momentum to continue working within the bullish correction, benefiting from building a base on the 1.2465 support floor, trying to stabilize above the psychological barrier of 1.2500. Technically, and with careful consideration of the 4-hour chart, we find attempts by the 50-day …
Read More »GBP Facing Negative Pressure 4/4/2022
Oil, Crude, trading
Read More »Gold tests support 4/4/2022
Gold prices achieved the expected bearish scenario, approaching a few points from the official station required to be touched around 1916, recording its lowest level in 1917. Technically speaking, and by looking at the 4-hour chart, we find the simple moving averages continuing the negative pressure on the price from …
Read More »Euro: Negativity is Looking For Confirmation 4/4/2022
Mixed trading dominated the euro’s movements against the US dollar at the end of last week’s trading, within a direction tilted to the downside after the pair failed to stabilize above the resistance level of 1.1150. Technically, we notice that the buying rejection still exists. However, by looking at the …
Read More »Weekly Recap – 28 March – 1 April
The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …
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