Oil, Crude, trading

Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …

The euro started its first weekly trading with a noticeable decline against the US dollar after it found a pivotal resistance level of 1.0350 that forced it to decline, confirming the breach of 1.0275, and then 1.0200, recording its lowest level yesterday at 1.0147. Technically and carefully looking at the …

Recently released data indicated that the prices of new properties offered for sale in the United Kingdom decreased, at the highest pace in nearly two and a half years, by 1.3% in August. This led to a decline in the pace of real estate price growth in Britain from 9.3% …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, shed light on the latest developments in the financial markets: EURUSD The euro found a pivotal resistance level, representing one of the most important keys to the …

Turkey’s public budget deficit doubled to 64 billion Turkish liras in July, and Turkey’s general budget data showed a deficit of 31 billion liras in June, according to Treasury and Finance Ministry data. Turkey suffers from a significant rise in the inflation rate, as it recorded 79.6% in July, up …

The safe-haven US dollar rose on Monday after a fresh batch of disappointing data from China reinforced fears of a global recession. At the same time, the yuan fell after the People’s Bank of China surprisingly cut interest rates. Chinese industrial production, retail sales and fixed asset investment missed analysts’ …

Gold prices fell on Monday as the dollar rebounded amid expectations that the Federal Reserve will raise interest rates sharply, adding to pressure on the yellow metal. And gold fell in spot transactions 0.6 percent to $ 1791.33 an ounce by 0704 GMT, after rising by about 1.6 percent last …

European shares rose on Monday, boosted by fresh gains in healthcare shares. At the same time, signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and important consumer products that are usually seen as immune to economic cycles. The pan-European Stoxx 600 index rose 0.3 …

Japan’s Nikkei index jumped on Monday to its highest level in more than seven months, buoyed by Wall Street’s gains at the end of last week, as strong corporate earnings increased risk appetite and prompted investors to snap up falling stocks. The Nikkei rose 1.14 percent to 28,871.78 points, extending …