The Turkish lira fell 2.8% on Friday, August 25, to give up some of its gains, one day after the central bank raised interest rates dramatically. And by 07:36 GMT, the lira recorded 26.51 per dollar, compared to 25.75 per dollar, at the close of trading on Thursday, down 2.8%. …

The euro fell to its lowest level since mid-June on Friday, weighed down by growing expectations that the European Central Bank could soon stop raising interest rates, while the dollar rose broadly ahead of a speech by Federal Reserve Chairman Jerome Powell. Reuters quoted eight informed sources as saying that …

European stocks fell in early trading on Friday, as investors were cautious ahead of the statements of the heads of major central banks at the Jackson Hole symposium in the United States, while the rise in bond yields continued to pressure stocks. And by 0711 GMT, the European Stoxx 600 …

Gold prices fell on Friday as the dollar rose to a ten-week high, but the precious metal was set to post its best performance in six weeks ahead of a speech by Federal Reserve Chairman Jerome Powell that could provide clues about interest rate movements. Gold futures fell 0.2 percent …

Data from the German Statistics Office showed on Friday that the country’s economy stagnated in the second quarter compared to the previous quarter of the year after suffering a recession in the winter. The zero growth for the three months ending in July is in line with the first estimates …

Japan’s Nikkei index closed down 2 percent on Friday, with chip-related shares Advantest and Tokyo Electron falling after gains in US-listed Nvidia stock stalled. The Nikkei index fell 2.05 percent to close at 31,624.28 points, the biggest daily decline in more than three weeks, but it achieved a weekly gain …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook remains unchanged, as the Canadian dollar maintains the expected bullish path during the previous report, touching our first target of 1.3575, recording its highest level at 1.3600. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3540, and in general, …

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