The Turkish lira fell to a new record low of 18.7 against the dollar on Friday, extending its losses this year, which exceeded 29 percent, despite Ankara’s efforts to implement new policies to tighten control over the local currency exchange rate. The lira fell 44 percent in 2021, mainly due …
Read More »Oil is rising thanks to the expected decline in Russian exports
Oil prices rose on Friday amid expectations of lower Russian crude exports from the Baltic region this month, alleviating fears that a severe winter storm in the United States could wipe out holiday fuel demand growth. And by 0148 GMT, Brent crude rose 88 cents, or 1.1 percent, to $ …
Read More »Stability of European stocks at the opening, and the gains in the health sector offset the decline in technology stocks
European stocks were stable on Friday, as gains in health care stocks offset the decline in some luxury goods and technology stocks. The STOXX 600 was down 0.03% by 0810 GMT, but was set to gain 0.6% in the last week before Christmas, after two straight weeks of losses. The …
Read More »Gold is confining to a narrow range as focus shifts to inflation data
Gold prices moved in a narrow range on Friday in thin trade as cautious traders await economic data due later in the day to assess the Federal Reserve’s stance on an interest rate hike. By 0238 GMT, gold was stable at $1,792.80 an ounce. US gold futures rose 0.4 percent …
Read More »Japan’s Nikkei index closed lower, posting its biggest weekly decline since June
Japan’s Nikkei closed lower on Friday, posting its biggest weekly drop since mid-June, and chip-related stocks led Friday’s declines, trailing their Wall Street counterparts on Thursday. Shipping stocks and other economically sensitive stocks also plunged amid fears that the Federal Reserve and other major central banks will continue to tighten …
Read More »Dow Jones is under selling pressure 23/12/2022
Oil, Crude, trading
Read More »CAD stable below resistance 12/12/2022
The Canadian dollar declined during the previous trading session after it broke the bullish channel’s support and is now hovering around its lowest level during the early trading of the current session, 1.3620. Technically, looking carefully at the 240-minute chart, we find negativity still dominating the stochastic indicator, stimulated by …
Read More »GBP: negative pressure remains 23/12/2022
Oil, Crude, trading
Read More »Oil is making remarkable gains 23/12/2022
Positive trading dominated the prices of US crude oil futures contracts yesterday, achieving remarkable gains, reaching $79.87 per barrel. Technically, by looking at the 4-hour chart, the price continued to receive a positive sign from the simple moving averages that support the daily bullish price curve, in conjunction with the …
Read More »Gold is facing strong resistance 23/12/2022
Gold prices witnessed a bearish trend during the previous trading session, after it succeeded in touching the official target of the bullish wave around 1824, which formed a strong supply level that forced the price to decline, recording its lowest level of $1792 per ounce. On the technical side, today, …
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