Oil prices stabilized on Thursday after the International Energy Agency raised its forecast for demand growth for crude this year, as rising gas prices prompted some consumers to switch to oil. By 0829 GMT, Brent crude futures fell seven cents, or 0.1 percent, to $ 97.33 a barrel, while West …

European shares started Thursday’s session higher to consolidate gains in the previous session after data showed signs of slowing inflation in the United States, while shares of Dutch insurance company Aegon rose after raising its full-year forecast. The pan-European Stoxx 600 index rose 0.4 percent after its best session in …

Auto sales in China rose 29.7 percent in July compared to a year ago to 2.42 million units, continuing the recovery that began in June, supported by the easing of Covid-19 restrictions and government incentives. Data released by the China Association of Automobile Manufacturers on Thursday showed that sales for …

Oil, Crude, trading

The pound declined against the yen within the expected negative outlook during the last analysis, touching the official target at 161.90, to record its lowest level at 161.70. On the technical side, today, we find the pair hovering around the 50-day simple moving average, trying to stabilize above, as we …

The Canadian dollar declined significantly to start moving within the official descending path after it failed to stabilize for a long time above the resistance level of 1.2880. We mentioned during the previous report that the pair’s failure to maintain trading above 1.2850 renewed the chances of falling to visit …

Oil, Crude, trading

Gold prices achieved the bullish target posted during the previous analysis, at 1808, recording its highest price of 1808 after the US inflation data. Technically, and by carefully looking at the 4-hour chart, we notice the price stability above the 50-day simple moving average. In addition, we see the precious …

The positive attempts of the euro against the US dollar continue, and the positivity is still limited, to find the pair unable to consolidate above the strong resistance level at 1.0350, which constitutes the key to protecting the bearish trend. Technically, we are inclined towards a bearish bias in the …

US stock indexes opened trading on Wednesday, August 10, with the release of inflation data for the month of July, which came less than expected. At the beginning of the session, the Dow Jones index jumped by 1.36% to 3321.8 points, the Nasdaq rose by 2.22% to 12,768 points, and …