European stocks rose Thursday, July 13, as US inflation data boosted hopes that the US Federal Reserve is about to end the monetary tightening cycle after the Corona virus pandemic, although a mixed set of economic data limited the increase in gains. The pan-European Stoxx 600 index rose 0.1% by …

Britain’s economy contracted less than expected in May despite the impact of strikes and an extra holiday for banks to mark King Charles’ coronation, putting it on track to avoid contraction in the second quarter of the year. The Office for National Statistics said on Thursday that Britain’s economic output …

Oil, Crude, trading

Oil, Crude, trading

Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the official target station 1.3140, recording its lowest level at 1.3142. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …

Oil, Crude, trading

Futures prices achieved good gains during the previous trading session within the expected bullish context, surpassing the first target that should be touched at 75.60 to record its highest level at $76.11 per barrel. The technical outlook remains unchanged; we are positive depending on the price’s consolidation in general above …

Gold prices recorded significant gains, taking advantage of the weakness of the US dollar, explaining that we are monitoring the price behavior until the breach of the main resistance level of 1945 is confirmed, explaining that this enhances the chances of touching 1961, so that gold prices succeed in recording …

Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …

The dollar fell, hitting a two-month low on Wednesday, July 12, against other major currencies ahead of the release of US inflation data, while the British pound rose to a 15-month high on expectations that the Bank of England will continue to raise interest rates. The yen jumped to the …