An EU source told Reuters that the European Commission will propose on Tuesday, April 5th, that EU countries impose sweeping new sanctions on Russia, including a ban on imports of coal, rubber, chemicals and other products from Russia worth up to nine billion euros annually. The source said the EU …
Read More »Oil rises as Iran nuclear talks falter, supply disruption fears
Oil futures extended gains in trading on Tuesday as the United States and Europe plan to impose new sanctions against Russia over alleged war crimes committed by Russian forces in Ukraine, heightening concerns about supply disruptions as Iran nuclear talks falter. Brent crude futures rose 1.20 dollars, equivalent to 1.1%, …
Read More »Gold prices decline amid expectations of new sanctions against Russia
Gold prices fell in trading today, Tuesday, with the continued stability of the US dollar, amid increasing expectations of imposing new sanctions against Russia, and the Federal Reserve raising interest rates further to control high inflation rates. And the spot price of gold decreased by 0.2% to reach $ 1928.52 …
Read More »The rise of oil limits the losses of European shares
European shares were little changed on Tuesday, as a rise in oil prices due to the possibility of more sanctions on crude-exporting Russia lifted energy shares, helping to offset losses in banks and industrial companies. The pan-European STOXX 600 index rose 0.1 percent by 0710 GMT, after two days of …
Read More »Nikkei tracks Wall Street gains
Japan’s Nikkei index closed higher on Tuesday after a choppy session, tracking gains on Wall Street overnight, but investors’ caution about corporate earnings expectations capped gains. The Nikkei rose 0.19 percent to close at 27,787.98 points, after falling as much as 0.26 percent earlier in the session. Shares of oil …
Read More »German Dax Building on Support 5/4/2022
Positive trades dominated the movements of the German DAX index on the Frankfurt Stock Exchange, building on the 14,450 support level, recording the highest, around 14,590. Technically, by looking at the 60-minute chart, with the stability of trading above the mentioned support, accompanied by the indicator obtaining positive signals from …
Read More »Dow Jones is Looking For More Momentum 5/4/2022
Oil, Crude, trading
Read More »CAD is Confused 5/4/2022
The Canadian dollar found it challenging to break the critical support floor for the current trading levels at 1.2470, representing one of the most critical directional keys that helped it retest 1.2540. Technically, and by looking at the 4-hour chart, we notice the pair’s attempts to gain additional momentum from …
Read More »GBP maintains the same technical conditions 5/4/2022
Oil, Crude, trading
Read More »Gold is waiting for a new confirmation signal 5/4/2022
Prices of the yellow metal were able to touch the first target required, in which we relied on confirming the break of the strong support floor 1925, targeting 1915 initial stations, recording its lowest level at 1915. Technical Vision The intraday movements of gold are witnessing a return to stability …
Read More »