Turkey’s economy exceeded expectations in the fourth quarter of 2023, growing by 4.0 percent, surpassing forecasts despite challenges posed by a slowdown in major trading partners and the impact of devastating earthquakes in February. Full-year growth stood at 4.5 percent, buoyed by robust domestic demand. Fourth Quarter Performance: Resilience Amidst …

Traders Exercise Caution Ahead of Crucial Economic Indicators Gold prices stabilized on Thursday as traders exercised caution, refraining from initiating new positions in anticipation of the release of significant inflation data in the United States later in the day. This data is expected to provide further insights into the Federal …

European Markets Show Modest Gains Amid Anticipation of Key Economic Data European stocks opened slightly higher on Thursday, with the STOXX 600 index edging up by 0.2 percent by 0820 GMT. Materials stocks led the gains as investors braced for the release of crucial US inflation data, which could provide …

Japan’s Nikkei index experienced a modest decline on Thursday, as investors opted to capitalize on recent gains, leading to profit-taking activities. However, the index managed to recover from its early losses, supported by buying demand after dipping below the 39,000-point mark for the first time since late February. The yen’s …

Oil Markets Face Pressure from Surging US Crude Inventories and Interest Rate Uncertainties Oil prices continued their downward trajectory on Thursday, extending losses from the previous session. The market was weighed down by a larger-than-expected growth in US crude inventories, signaling potential challenges to demand, alongside indications of sustained high …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar performed in line with our expectations during the previous trading session, achieving the first target at $1.3590 and reaching a peak of $1.3606. In today’s technical analysis, observing the 4-hour timeframe chart, we note that the pair’s intraday movements are currently stabilized below the psychological barrier resistance …

japanese-yen

Oil, Crude, trading