The EUR/USD pair has exhibited a slight upward bias during the initial trading sessions of the week. However, this upward momentum has been limited, with the pair struggling to consolidate above the key resistance level of 1.0860. On the technical front, analyzing the 4-hour time frame chart reveals that the …

Oil prices remained relatively steady on Monday following the decision by the OPEC+ alliance to extend voluntary production cuts until the end of the second quarter, in line with market expectations. Brent crude futures edged down by 14 cents to $83.41 per barrel by 1035 GMT, after experiencing a 2.4 …

European stocks kicked off the week with little change as investors maintained caution ahead of the upcoming European Central Bank (ECB) monetary policy meeting later in the week. Although a rise in technology stocks partly offset losses in other sectors, the overall sentiment remained flat. The European STOXX 600 index …

On Monday, March 4, gold prices remained near their highest levels in two months, buoyed by disappointing economic indicators from the United States last week, which raised expectations of a potential interest rate cut by the US Federal Reserve in June. At 06:30 GMT, spot gold edged down 0.1 percent …

On Monday, March 4, Japan’s Nikkei index achieved a historic milestone, surpassing 40,000 points for the first time, propelled by corporate governance reforms and robust valuations that have attracted sustained interest from global investors. Benefiting from a surge in the technology sector, mirroring gains seen in US markets, the Nikkei …

On Monday, the US dollar traded within a narrow range, facing pressure from declining Treasury bond yields as investors awaited key economic data for clues on the Federal Reserve’s potential interest rate cuts. Bitcoin surged to its highest levels in over two years, buoyed by significant inflows into cryptocurrency funds …

In February 2024, annual inflation rates in Turkey surged to 67.07%, slightly surpassing expectations of 65.74%. This uptick followed a modest increase in January of the same year, where inflation stood at 64.86%. Over the period spanning from 1965 to 2024, Turkey has experienced an average inflation rate of 35.06%. …

Oil prices increased on Monday following the decision by OPEC+ member countries to extend their voluntary production cuts by 2.2 million barrels per day for the second quarter of the year, aligning with market expectations. At 0134 GMT, Brent crude futures climbed by 28 cents, or 0.3 percent, reaching $83.83 …

Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …

Eurozone inflation moderated in February, falling to its lowest level since November. Despite the slowdown, inflation remains above analysts’ expectations, posing a challenge for the European Central Bank (ECB) amidst speculation about future rate hikes. Key Inflation Figures: Eurostat Data Highlights Eurostat data revealed that the consumer price index rose …