Oil prices extended losses on Wednesday as fears of headwinds from the global economy exacerbated gains gained after top crude exporter Saudi Arabia pledged earlier this week to deepen production cuts. Brent crude futures fell 40 cents, or 0.5 percent, to $75.89 a barrel by 0456 GMT. US West Texas …

Japan’s Nikkei index recorded its biggest drop in 12 weeks on Wednesday, as investors exercised caution after a series of gains. The Nikkei index fell 1.82 percent to close at 31,913.74 points, its biggest daily decline since March 14, ending a four-day streak of gains. The index rose 0.6 percent …

Oil, Crude, trading

The bearish trend continues to control the movements of the Canadian dollar. It is heading to touch the bearish target required to be achieved during the previous report, located at 1.3385, recording its lowest level at 1.3388. Technically, today, we notice the continuation of the clear negative crossover signs on …

Oil, Crude, trading

Negative trading dominated the prices of US crude oil futures contracts yesterday, after the price crept below the strong support level published during the previous technical report at 71.55, recording its lowest level at 70.17, and the intraday movements are still stable below the mentioned support, and it is currently …

Narrow sideways trades confined from below above the main support floor 1945, and from above below the pivotal resistance level at 1977, so that the technical outlook remains unchanged. From the angle of technical analysis today, the contradiction between the technical signals continues, and we found the 50-day simple moving …

The EUR/USD pair touched the first bearish target within the bearish path published during the previous technical report, located at 1.0665, recording its lowest level at 1.0665. On the technical side today, and with a closer look at the 4-hour chart, we find that the pair is still stable below …

The Turkish lira lost 1 percent of its value against the dollar on Tuesday, continuing the declines it recorded during the last period, amid expectations that the state will end its control over the currency after the appointment of Mehmet Simsek as Minister of Finance. Investors are anticipating a shift …

Eurozone’s Retail Sales came in at 0% MoM in April versus 0.2% expected and -0.4% previous, the latest official figures released by Eurostat showed on Tuesday. On a yearly basis, the bloc’s Retail Sales dropped 2.6% in April versus -3.3% booked in March and -1.8% expected. The Retail Sales released …