The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …
Read More »Gold is stable amid expectations of stopping US interest rate hikes
Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …
Read More »European stocks rise ahead of the European Central Bank’s interest rate decision
European stocks rose on Thursday even as investors remained cautious ahead of the European Central Bank’s decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65 percent of interest rates to rise by 25 basis points, which will …
Read More »Japan’s Nikkei closes near a one-week high
Japan’s Nikkei index rose to close near its highest level in a week on Thursday after data showed that US inflation remains sluggish and the downward trend reinforced expectations that the US central bank will keep interest rates unchanged next week. The Nikkei rose 1.41 percent to 33,168.10 points, reaching …
Read More »Oil is rising as markets focus on tight supply
Oil prices rose on Thursday after falling slightly in the previous session, as markets returned to focus on expectations of tight crude supply during the rest of 2023. Brent crude futures rose 17 cents to $92.05 a barrel at 12:02 GMT, while US West Texas Intermediate crude rose 19 cents …
Read More »Nasdaq bounces off support 14/9/2023
Oil, Crude, trading
Read More »Dow Jones leans negative 14/9/2023
Oil, Crude, trading
Read More »CAD approaching strong support 14/9/2023
The downward trend continues to control the movements of the Canadian dollar within the expected downward trend, reaching the first downward target to be achieved at 1.3550, recording its lowest level at 1.3521. Technically, we are leaning towards negativity, relying on the negative crossover of the simple moving averages that …
Read More »USD/JPY is looking for additional momentum 14/9/2023
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Read More »GBP retests resistance 14/9/2023
Oil, Crude, trading
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