The Organisation for Economic Co-operation and Development (OECD) announced today cutting its global growth predictions for 2022 to 3% due to the Russia-Ukraine war repercussions and the supply-chain disruptions. In its latest review, published today, OECD sees global GDP growth of 3.0% in 2022 versus 4.5%, predicted before. Besides, OECD …

The Eurozone economy expanded by 0.6% on the quarter in the three months to March of 2022 vs. 0.3% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.3% in the reported period. On an annualized basis, the bloc’s GDP rate rose by 5.4% …

European shares fell on Wednesday, quickly giving up gains at the open, as a 6% drop in Credit Suisse shares after an earnings warning put pressure on the banking sector, while metal prices also pressured mining stocks. The pan-European Stoxx 600 index fell 0.1 percent, after rising at the opening …

Japan’s Nikkei closed at its highest level in two and a half months, as major technology stocks tracked gains in Wall Street overnight and energy stocks rose, led by higher oil prices. The Nikkei rose 1.04 percent to 28,234.29 points, its highest close since March 29, and it continued a …

Oil prices rose on Wednesday before the release of data on US oil inventories, as tight supplies and increased demand for fuel supported crude futures contracts, while major Chinese cities eased restrictions imposed to contain the Covid-19 pandemic. Brent crude futures for August rose 22 cents, or 2 percent, to …

Oil, Crude, trading

The GBP/JPY pair achieved strong gains within the expected bullish path during the previous analysis, bypassing the official station required to be touched during the last analysis at the price of 167.00, recording its highest level during the early trading of today’s session 167.44. Technically, we tend to be positive, …

The Canadian dollar achieved the idea of ​​the bullish bias published during the technical analysis of yesterday’s session, touching the required retest target at 1.2620 and recording its highest level at 1.2620. Technically and with careful consideration on the 60-minute chart, the current movements are witnessing intraday stability above the …

Oil, Crude, trading

Mixed trading dominated gold’s movements during the previous trading session, after attempts to break the pivotal support floor at 1850, but ended its daily trading above the mentioned support level. On the technical side today, and by looking at the 4-hour chart, we notice the attempts of the 50-day SMA …