Oil prices fell on Wednesday amid concerns about fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve. Brent crude futures fell $1.27, or 1 percent, to $119.90 a barrel by 1001 GMT. The price of US West Texas Intermediate crude …

Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar …

Nothing is more important than the Fed’s decision today, and it is usual these days for the markets to prevail in a calm state before the decision. Still, there were many moves today, so the US retail and export statistics data may contribute to market volatility. The monthly core retail …

The euro jumped after the European Central Bank’s governing council said it would hold an emergency meeting on Wednesday, June 15 to discuss the recent massive sell-off in government bond markets, briefly distracting traders ahead of the upcoming US Federal Reserve meeting. The single European currency rose by as much …

European shares rebounded in early trading on Wednesday after a European Central Bank spokesman said that the rate-setting board of governors would hold a meeting that was not on the agenda to discuss the recent sell-off in government bond markets. An index of euro zone shares advanced 1.3 percent by …

Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half …

The Japanese Nikkei index closed at its lowest level in more than a month on Wednesday, extending losses for the fourth consecutive session, as investors await the Federal Reserve’s decisions later on Wednesday, which may witness a greater tendency to tighten monetary policy. The Nikkei closed down 1.14 percent at …

Oil, Crude, trading

The British pound extended its losses against its Japanese counterpart after failing to maintain trading and stability above the 163.00 level, recording its lowest price during the last session, 161.35. On the technical side, we tend to the negativity, relying on the pair’s continuing negative pressure from the simple moving …

The Canadian dollar continues its bullish movements within the bearish context published during the previous analysis, touching our required official target at 1.2910 to record the highest level at 1.21975. Technically, the current movements of the pair are witnessing a limited bearish tendency as a result of reaching the overbought …