European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates. The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector …
Read More »Turkey’s foreign trade deficit rises 75% in March
Data from the Turkish Statistical Institute showed on Friday that the foreign trade deficit rose 75 percent year-on-year to $8.17 billion in March, driven by a 30.7 percent increase in imports. The data showed that imports amounted to $30.88 billion in March, while exports rose 19.8 percent to $22.71 billion. …
Read More »Energy prices are driving inflation in Germany to levels not seen in four decades
German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …
Read More »European shares rise, supported by earnings results at the end of volatile April trading
European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth. By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 …
Read More »Oil extends gains as supply worries outweigh lockdown measures in China
Oil prices rose for a fourth day on Friday as fears of Russian supply disruptions outweighed the impact of anti-Covid-19 lockdown restrictions in China, the world’s largest crude importer, casting a shadow on demand. By 0639 GMT, Brent crude futures rose 88 cents, or 0.8 percent, to $108.47 a barrel, …
Read More »CAD may test the support before continuing to rise 29/4/2022
After several consecutive days of ascending, the Canadian dollar touched the target price mentioned in the last analysis, at 1.2870, recording the highest price of 1.2880, which forced the pair to achieve some decline due to touching the resistance level of 1.2870. Technically, by looking at the 4-hour chart, we …
Read More »GBP in a strong downward wave 29/4/2022
Oil, Crude, trading
Read More »Gold trying to recover 29/4/2022
The yellow metal prices declined within the expected bearish path we mentioned in the previous analysis, touching the first target at 1885 and approaching by a few points from the next stop 1866, recording a bottom at 1872. Technically, we notice that there are limited attempts to rise as a …
Read More »The euro touches the extended bearish target 29/4/2022
According to our expectations during the last analysis, it managed to touch the target price station at 1.0570, to extend its losses towards the low of 1.0470, the lowest level in several years. Technically and by looking at the 240-minute chart, we notice the movement within the bearish price channel …
Read More »US: Weekly Initial Jobless Claims fall to 180K
There were 180,000 initial claims in the US economy in the week ending on 23 April, in line with consensus estimates and a slight decline from last week’s 185,000 reading which was revised up from 184,000, according to data released by the US Department of Labour on Thursday. That meant …
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