Oil prices rose about 3% today, Wednesday, before giving up some of their gains as investors turned to the market, after a sharp decline in the previous session, as concerns related to supplies returned, with concerns of a global recession continuing. Brent crude futures rose as much as $3.08, or …

European shares rose on Wednesday after oil and gas workers in Norway called off their strike, quelling fears of an energy supply shortage, while shares of Just Eat Tekaway.com rose after Amazon agreed to buy a stake in its unit GroupHub. The pan-European STOXX 600 index rose 1.3 percent by …

Japan’s Nikkei index closed lower on Wednesday after a two-day rally, dragged down by energy stocks, as fears of a global economic slowdown weighed on the market. The Nikkei index fell 1.20 percent to close at 26,107.65 points. The broader Topix index fell 1.23 percent to 1,855.97 points. Shares of …

The German Factory Orders rebounded in May, suggesting that the manufacturing sector downturn in Europe’s economic powerhouse is flattening. Contracts for goods ‘Made in Germany’ jumped by 0.1% on the month vs. -0.6% expected and -2.7% last, the latest data published by the Federal Statistics Office showed on Wednesday. On …

Oil, Crude, trading

A bearish trend dominated the movements of gbp/jpy during the previous trading session, recording its lowest level around 161.60. Technically, we tend to the negative, relying on the pair’s pivot below the 162.80 level, with the pair continuing to get negative pressure from the 50-day simple moving average. Therefore, the …

The Canadian dollar jumped, achieving noticeable gains, building on consolidation above the 1.2950 resistance level, touching our awaited target at 1.2980, recording the highest level at 1.3086 during the previous trading session. Technically, the positive stimulus comes from the 50-day simple moving average and the pair’s pivot above the psychological …

Oil, Crude, trading

Gold witnessed big losses yesterday, under pressure from the rise of the US dollar, achieving the bearish scenario published in the last analysis, explaining that breaking 1800 extends gold’s losses, targeting 1784, recording its lowest level at 1763. On the technical side today, the simple moving averages still exert negative …

EURUSD incurred noticeable losses during the last trading session, within the expected bearish technical outlook in the previous analysis, explaining that the official target of the current downside wave is its target at 1.0285, recording its lowest level at 1.0235. Technically and carefully considering the 4-hour chart, we notice the …