Al-Arabiya channel quoted the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Ghais as saying on Thursday that he expects the organization’s market share to rise to 40 percent between 2040-2045. He added that this will happen “after a decrease in production from countries outside the OPEC …

European stocks fell nearly 1 percent on Thursday, as growing fears of an economic slowdown and further hikes in global interest rates dented risk appetite, along with the impact of an escalating trade battle between China and the United States. The European Stoxx 600 index fell 0.8% by 0717 GMT, …

Japan’s Nikkei average closed Thursday at its lowest level in more than a week, dragged down by shares of chip-related companies, with Socionext falling to a daily low after its largest shareholders sold their entire stake in the fast-growing chip design company. The Nikkei fell 1.7 percent to close at …

Gold settled Thursday, July 6, as investors await a set of US economic data that may affect the course of the US Federal Reserve’s monetary policy, after publishing the minutes of its June meeting, which supported expectations of raising interest rates for a longer period. By 0241 GMT, gold settled …

Oil, Crude, trading

The Canadian dollar jumped within the expected positive outlook during the technical report issued yesterday, touching the first official target at 1.3300, recording its highest level at 1.3305 during today’s morning trading, and the current movements are witnessing stability near its highest level of 1.3305. Technically, and by looking at …

Oil, Crude, trading

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive impulse …

Strong selling pressures dominated gold’s movements after the main resistance levels published during the previous report at 1930, were able to limit the bullish bias, and gold prices failed to close above it to return within a rapid decline to the desired target of 1913, recording its lowest level at …

The Dow Jones Industrial Average witnessed good gains during the first trading of this week, recording its highest level at 34,689. Technically, we find the index achieving a clear consolidation above the strong support floor of 34,500, accompanied by the RSI’s attempts to gain more bullish momentum and the stochastic’s …