European stocks fell on Wednesday as weak results from US software giant Microsoft weighed on the broader technology sector, while signs of improving economic prospects in the euro zone fueled concerns about further interest rate hikes. The European Stoxx 600 index fell 0.3 percent, recording a decline for the second …

The headline German IFO Business Climate Index advanced to 90.2 in January versus the previous reading of 88.6 and the forecast of 90.2. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as against December’s 94.4 and 95.0 expected. The IFO Expectations Index – indicating firms’ …

Oil prices fell on Wednesday, adding slightly to losses in the previous session, as rising US crude inventories and fears of a global recession offset optimism about a recovery in demand in China. Crude oil prices have risen this year amid China ending anti-coronavirus restrictions and hopes the Federal Reserve …

Gold fell on Wednesday, continuing the decline from a level close to a nine-month peak, which it reached in the previous session, as some investors sought to speculate in a way that guarantees them profit. The dollar stabilized ahead of the release of US economic data that may determine the …

The Bank of Canada (BoC) is set to announce its interest rate decision on Wednesday, January 25 at 15:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of Four major banks, regarding the upcoming announcement. Wells Fargo …

Oil, Crude, trading

Mixed trading dominated the movements of the Canadian dollar yesterday, within a marginal rise, as we mentioned yesterday, to realize the idea of retesting the strong resistance level at 1.3400, recording its highest level at 1.3413. Technically, the pair failed to stabilize for a long time above 1.3400, and forced …

Oil, Crude, trading

Strong resistance around 82.20, which formed a strong obstacle in front of US crude oil futures prices, contradicting the positive outlook as we expected, in which we relied on the stability of daily trading above 81.00, explaining that the return of trading stability below 81.00 is capable of postponing the …

Gold prices were able to touch the first official target station during the technical report issued yesterday at 1943 price, recording its highest level of 1943, which formed a strong resistance level that forced gold prices to re-test a typical support level of 1920 and it still maintains the bullish …