European stocks rose on Tuesday as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation for a key US inflation report to be published later on Tuesday. The European STOXX 600 index increased 0.1 percent by 0814 GMT and is on track to record gains for the …
Read More »The Nikkei index trims its gains as interest rate hike expectations in Japan fade
Japan’s Nikkei index posted modest gains on Tuesday as expectations faded for an imminent move by the Bank of Japan at its policy meeting scheduled for next week. The Nikkei ended trading on Tuesday, up 0.16 percent at 32,843.70 points, recording gains for the second day in a row. The …
Read More »Dollar declines amid anticipation of US inflation data
The dollar fell while the yen stabilized in trading on Tuesday in Asia at a time when traders awaited inflation data in the United States and an expected series of central bank meetings. Dollar index contracts fell 0.5 percent to 145.46 yen. The two currencies have been witnessing fluctuations for …
Read More »Oil rises ahead of decisions on interest rates, and fears of oversupply continue
Oil prices rose on Tuesday as investors remained cautious ahead of important decisions on interest rates and the release of inflation data, but concerns about oversupply and slowing demand growth undermined the gains. By 0342 GMT, Brent crude futures for February delivery rose 26 cents, or 0.3 percent, to $76.29 …
Read More »Nasdaq continues to rise 12/12/2023
Oil, Crude, trading
Read More »Dow Jones expands its gains 12/12/2023
Oil, Crude, trading
Read More »CAD is facing temporary negative pressure 12/12/2023
The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …
Read More »USD/JPY: negative pressure continues 12/12/2023
japanese-yen
Read More »GBP stable below resistance 12/12/2023
Oil, Crude, trading
Read More »Oil is looking for momentum 12/12/2023
The US crude oil futures contracts showcased a resurgence of positive momentum, steering away from their lengthiest series of losses since 2018 and attaining a recent peak at $71.77 per barrel in the previous trading session. From a technical standpoint, the outlook leans towards optimism, buoyed by encouraging signals emanating …
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