Turkey’s annual inflation slowed for the seventh month in a row, reaching 38.2% against expectations of 39.47%. In June, inflation recorded 39.5%, after a slowdown from record levels in October 2022, which reached 85.5%. On Thursday, June 22, Turkey’s central bank raised the country’s main interest rate, nearly doubling it …

Oil prices fell on Wednesday, erasing gains from the previous session, as fears of a global economic slowdown curbing fuel demand outweighed expectations of further supply cuts due to production cuts announced by Saudi Arabia and Russia for August. Brent crude fell 14 cents, or 0.2 percent, to $76.11 a …

Oil, Crude, trading

The Canadian dollar successfully retested the strong support floor at 1.3200, maintaining positive stability above the mentioned level, waiting for more gains. Technically, looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the bullish daily trend, stimulated by the positive impulse from the simple …

Oil, Crude, trading

US crude oil futures prices witnessed a cautiously upward trend, recording its highest level during the previous trading session at around $71.32 per barrel. Technically, we are positive depending on the positive impulse coming from the simple moving averages that have returned to hold the price from below, and this …

Gold prices are still facing selling pressures, and the previous session’s trading witnessed a retest of the pivotal resistance level at 1930, which gold prices have failed to cross upwards so far. Technically, and with a closer look at the 4-hour chart, we find that the stochastic provides negative signals …

Quiet negative trading dominated the movements of the euro-dollar pair during the previous trading session in light of the US market holiday, and the pair’s moves are still stable below the main resistance, located at 1.0940. Technically, the 4-hour chart shows that the simple moving averages still constitute an obstacle …

Gold prices rose on Tuesday amid weak trading due to the US Independence Day holiday, but the rise in the dollar limited gains at a time when traders await more economic data later in the week in search of indications about the Federal Reserve’s intentions regarding raising interest rates in …

European stocks were flat on Tuesday as uncertainty over the path of global interest rates sent investors cautious, while miners fell on fears of weak demand from China. The European Stoxx 600 index settled at 461.17 points by 0710 GMT, at a time when investors focus on assessing signs of …