OPEC+ sources told Reuters that the alliance is unlikely to change its current oil production policy when the Joint Ministerial Monitoring Committee meets on Wednesday, while Saudi Arabia and Russia said they would maintain voluntary supply cuts to support the market. Ministers of the Organization of the Petroleum Exporting Countries …
Read More »Gold declines as dollar and bond yields rise
Gold prices returned on Wednesday, heading towards the lowest level in seven months, in light of the rise in the dollar and Treasury bond yields after strong US jobs data, which maintained expectations of further monetary tightening, while palladium fell to its lowest level since late 2018. Spot gold prices …
Read More »Bond rally keeps European stocks lower for third day
European stocks were affected for the third day in a row on Wednesday by the significant effects on US and European stock returns in general due to the presence of a large number of investors for the idea and thus the severe negative impact of the small run out. The …
Read More »Yen is close to 150 to USD amid speculation that authorities have intervened
On Wednesday, the Japanese yen fell slightly against the dollar after its unexpected rise in the previous session, which raised speculation that the Japanese authorities intervened to support the currency. The Japanese currency fell slightly to 149.12 to the dollar in early Asian trading, after jumping about two percent during …
Read More »Oil fell amid fears of rising interest rates and ahead of an OPEC+ meeting
Oil prices fell on Wednesday ahead of a meeting of a committee of OPEC+ ministers as the market balanced expectations of supply shortages with fears that higher interest rates would reduce demand for oil. Brent crude futures fell six cents to $90.86 a barrel by 0345 GMT, while US West …
Read More »Nasdaq breaks support 4/10/2023
Oil, Crude, trading
Read More »Dow Jones touches down on the extended target 4/10/2023
Oil, Crude, trading
Read More »CAD:positivity remains 4/10/2023
A gradual rise for the Canadian dollar within the expected positive outlook during the previous technical report, approaching a few points from the published target of 1.3750, recording its highest level of 1.3737. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair …
Read More »JPY to be watched closely 4/10/2023
japanese-yen
Read More »GBP continues its gradual decline 4/10/2023
Oil, Crude, trading
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