European stocks rose on Monday, extending a positive start to the year for a second week, as China reopened its borders and US and European data eased concerns about the aggressive tightening of monetary policy by central banks. The pan-European Stoxx 600 index was up 0.3 percent by 0812 GMT. …

Industrial Production in Germany increased in November, the official data showed on Monday, suggesting that the manufacturing sector is showing some signs of recovery. Eurozone’s economic powerhouse’s Industrial Output rose by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs -0.1% prior. …

The dollar stabilized on Monday after investors digested a batch of economic data released last week that raised hopes that the Federal Reserve would slow the pace of interest rate hikes. Data on Friday showed that non-farm payrolls in the United States increased by 223 thousand jobs in December, while …

Oil prices rose on Monday, a day after an influx of travellers into China following the reopening of borders raised expectations for fuel demand and partially offset fears of a global recession. Brent crude futures rose 90 cents, or 1.2 percent, to $79.47 a barrel by 0520 GMT, while US …

Oil, Crude, trading

The Canadian dollar followed the negative outlook during the previous technical report, heading to touch the official bearish station on friday at 1.3420, recording its lowest level during the morning trading of today’s session at 1.3400. Technically, and by looking closely at the 4-hour chart, we find that the pair …

Oil, Crude, trading

Trading tended to be positive and dominated the movements of the US crude oil futures contracts within the idea of retesting the resistance level of 75.40, as we mentioned last Friday, recording its highest level at $75.44 per barrel. Technically, the stochastic started to gradually lose bullish momentum in the …

Gold prices achieved substantial gains, taking advantage of the USD decline within the positive outlook, as we expected during last week’s trading, touching the official target station at $1880 per ounce. Technically, and by looking at the 4-hour chart, we note the stability of the price above the 50-day simple …

EURUSD pair jumped to achieve strong gains at the end of the trading week last Friday after it managed to exit from the sideways track, as we indicated during all trading reports of the past week, explaining that the price’s consolidation above the resistance level of the psychological barrier 1.0600 …