Turkey’s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end …
Read More »German IFO Business Climate Index improves to 86.3 in November
The headline German IFO Business Climate Index climbed to 86.3 in November versus the previous reading of 84.5 and the market consensus of 85.0. Meanwhile, the Current Economic Assessment improved to 93.1 points in the reported month when compared to October’s 84.2 and 93.8 expected. The IFO Expectations Index – …
Read More »European stocks are looking for direction
European stocks opened little changed on Thursday, November 24th, after the minutes of the Federal Reserve meeting indicated a moderation in the pace of interest rate hikes and while investors await new indications from the European Central Bank. The Stoxx 600 index of European shares fell 0.03% amid low trading …
Read More »The US dollar is declining as risk appetite improves after the Fed
The US dollar fell Thursday, November 24, as investors flocked to risky assets after expectations of a slowdown in the rate hike in the US. The upcoming minutes of the Fed’s Monetary Policy Committee meeting, which was held on the first and second of November, revealed that officials are very …
Read More »The Nikkei index closed at a two-month peak amid hopes of a slowdown in interest rate hikes in the US
Japan’s Nikkei index ended Thursday’s trading at its highest level in more than two months, tracking Wall Street, which posted overnight gains on hopes that the Federal Reserve will slow the pace of interest rate hikes. The Nikkei index closed up 0.95 percent at 28,383.09 points, the highest level since …
Read More »Dow Jones is trying positively 24/11/2022
Oil, Crude, trading
Read More »Canadian starts pressing support 24/11/2022
We adhered to the intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating selling positions requires confirming the pair’s breach of the 1.3350 support level. From a technical analysis point of view, and by looking closely at the 4-hour chart, we find clear negative …
Read More »GBP jumps against US dollar 24/11/2022
Oil, Crude, trading
Read More »Oil continues to incur losses 24/11/2022
US crude oil futures prices continued to achieve losses within the expected downside path in the previous analysis, touching the expected target at 78.60, recording its lowest level at 76.85. Technically, by looking at the 240-minute chart, the simple moving averages still put negative pressure on the price from above, …
Read More »Gold touches the official target of the bearish correction wave and begins to rebound 24/11/2022
Gold prices succeeded in touching the official target of the corrective bearish wave mentioned in the technical reports for the current week, as we expected to touch the target at 1720, recording its lowest level at 1720, to return within an upward rebound, and it is now trading around $1756 …
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