As anticipation builds for the European Central Bank’s (ECB) upcoming Monetary Policy Decision on Thursday, January 25, financial markets are keenly focused on the potential outcomes and the accompanying commentary from ECB President Christine Lagarde. Here’s an overview of the expectations and analyses provided by economists and researchers from major …

In a nuanced dance between geopolitical tensions, demand considerations, and currency dynamics, oil prices exhibited mixed movements on Wednesday. The March contract for Brent crude managed a modest rise of four cents, reaching $79.59 per barrel, while US West Texas Intermediate crude mirrored the increase, ticking up four cents to …

Gold prices stabilized on Wednesday, recovering from early losses. This coincided with a decline in the dollar from its six-week high and investors awaiting the release of upcoming US economic data. In spot transactions, gold settled at $2,029.39 per ounce, while US gold futures rose 0.2 percent to $2,030.50. The …

China has pledged to reduce the amount of liquidity its banks must hold in reserves early next month as it attempts to boost its faltering economy. The Chinese central bank said it expects rapid credit growth in the first quarter. Pan Gongsheng, governor of the People’s Bank of China, said …

Alpaslan Çakir, Chairman of the Turkish Banks Association, anticipates that the Turkish Central Bank will raise interest rates for the final time this week and commence a monetary easing cycle in the fourth quarter of this year. Cakir, in comments made on Tuesday but embargoed until Wednesday, stated, “Rising interest …

Japan’s Nikkei index experienced a decline as profit-taking persisted from the previous session, with traders interpreting the Bank of Japan’s recent meeting as an indication of a continued monetary easing policy. The Nikkei index dropped by 0.8% to 36,226 points, extending the decline from its recent peak of 36,984 points, …

Positive trades were evident in the movements of the Canadian dollar, although positivity remained constrained as the pair stabilized below the formidable resistance level at 1.3500. From a technical analysis standpoint today, intraday trading shows stability below the psychological barrier resistance of 1.3500. The 14-day momentum indicator has started to …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the movements of US crude oil futures in the previous session, maintaining a positive stance despite a slightly bearish tone. From a technical standpoint, oil prices stabilized above the support level mentioned in the previous report at 73.80, and, in general, they remained above the psychological barrier …