Most of the global stock indices declined due to the escalation of political tensions and fluctuations in some commodities and currencies traded in global markets. The performance of European stock indices declined significantly, affected by political tensions and the emergency meeting of the Group of Seven that was announced yesterday, …
Read More »Oil falls more than 2% on fears of a global recession and an increase in Corona cases in China
Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …
Read More »Dollar is rising and yen is approaching a level that previously called for intervention
The dollar climbed back to September’s highest levels in years on Tuesday, as investors worried about rising interest rates and geopolitical tensions, while the Japanese yen fell close to the level that called for intervention last month. Strong US labor market data and expectations of continued inflation expected to be …
Read More »Japanese stocks fell to the lowest level in two weeks due to the sale of technology shares
Japanese stocks posted their worst daily performance on Tuesday in more than two weeks as index-heavy tech stocks fell after a sell-off in global markets. Still, travel-related stocks rose when Japan reopened its borders to regular tourism. The Nikkei index fell 2.64 percent after returning to trading from the weekend, …
Read More »Gold falls as the dollar rises amid expectations of rate hike
Gold prices fell slightly on Tuesday, weighed by gains in the dollar amid expectations of further interest rate hikes, while caution prevailed ahead of key inflation data due later this week. Spot gold prices fell 0.1% to $1,665.89 an ounce by 0612 GMT, after touching the lowest level since October …
Read More »China is accelerating the pace to control new Corona cases across the country
Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …
Read More »Oil prices continue to decline as demand is affected by USD
Oil prices fell on Tuesday, extending losses of about two percent in the previous session, as a stronger dollar and an increase in coronavirus infections in China led to fears of slowing global demand. By 0342 GMT, Brent crude futures fell 27 cents, or 0.3 percent, to $ 95.92 a …
Read More »Dow Jones fails to bottom 11/10/2022
Oil, Crude, trading
Read More »CAD breaks through resistance, positivity remains 11/10/2022
Remarkable rises dominate the movements of the Canadian dollar at the beginning of this week’s trading, taking advantage of the strong support floor at 1.3750. Technically, the positive motive from the 50-day simple moving average supports the continuation of the rise and is motivated by positive momentum signals on the …
Read More »GBP pressing support, confirmation of break extends losses
Oil, Crude, trading
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