In November, retail sales in the United States increased by 0.3% on a monthly basis, reaching $705.7 billion, according to data released by the US Census Bureau on Thursday. This figure marked an improvement from the revised 0.2% decline (previously reported as -0.1%) in October and surpassed market expectations, which …

The Bank of England (BoE) announced on Thursday that it has decided to leave the policy rate unchanged at 5.25%, in line with market expectations. Policymakers voted 6-3 in favor of the decision, with three members of the Monetary Policy Committee (MPC) – Megan Greene, Jonathan Haskel, and Catherine Mann …

The International Energy Agency on Thursday raised its forecast for global oil demand growth next year, despite an expected economic slowdown, citing improving prospects for the United States and declining oil prices. Although the agency, which represents the industrialized countries, raised expectations, there remained a large gap between them and …

The Japanese Nikkei stock index concluded a three-day winning streak on Thursday, December 14, with declines in auto and bank stocks following the US Federal Reserve’s signal of an end to the monetary policy tightening cycle. The US Federal Reserve’s decision strengthened the yen and led to a significant drop …

European stocks jumped on Thursday, supported by gains in real estate sector stocks and a decline in euro zone bond yields, as investors were optimistic about the US Federal Reserve’s hint to reduce borrowing costs in 2024 and awaited the European Central Bank’s decision. The European Stoxx 600 index rose …

Oil, Crude, trading

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Mixed and predominantly negative trades characterized the movements of US crude oil futures, reaching a low of $67.74 per barrel, with current intraday stability around $69.50. From a technical perspective, the simple moving averages continue to exert downward pressure on the price from above. A closer look at the 4-hour …