European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …

Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …

The UK GDP monthly release showed that the economy rebounded in July, growing at 0.2% vs. 0.5% expectations and -0.6% previous. A Reuters poll of economists had pointed to month-on-month growth of 0.4% in July. Meanwhile, the Index of services (July) came in at -0.2% 3M/3M vs. -0.8% estimate and -0.4% …

Oil, Crude, trading

The Canadian dollar was able to achieve the expected bearish minor correction during the last trading sessions of the week ending last Friday, touching the required target at 1.2980 and recording its lowest level at 1.2980. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and …

Oil, Crude, trading

US crude oil futures prices were able to compensate for part of their losses, to achieve remarkable increases at the end of last week’s trading, within the expected bullish path, surpassing the official target that is required to be achieved at the price of 85.80, recording the highest level of …

Positive trades dominated gold’s movements within the expected bullish context, touching our awaited target at 1730, and recording its highest level at 1729. Technically, gold prices found a strong resistance level around 1726 represented by the 23.60% Fibonacci correction as shown on the 4-hour chart. It started by pressing the …

Positive movements dominated the Euro against the US dollar, beginning to form a corrective ascending wave, heading to touch the required target during the previous analysis at 1.0130, recording its highest level at 1.0124 during the early trading of the current session. On the technical side, the simple moving averages …

On Friday, the dollar is set to record its first weekly decline in four weeks, while a sharp interest rate hike by the European Central Bank led to gains for the euro, while investors await US inflation data due to be published next week. The dollar index, which measures the …