Oil prices fell by nearly a dollar on Tuesday, on fears of a possible recession and restrictions to combat COVID-19 in China, which outweighed the impact of tight global supply and expectations of increased demand for fuel as the summer travel season begins in the United States. Investment banks including …

European shares fell on Tuesday, tracking declines in global stock markets as investors renewed concerns about slowing economic growth and monetary policy tightening due to business expansion data for May. The pan-European Stoxx 600 index was down 0.8 percent by 0818 GMT, giving up much of Monday’s 1.3 percent gain. …

Gold prices strengthened on Tuesday, with the US dollar falling to its lowest level in a month for the second session in a row, making the yellow metal priced in dollars less expensive for buyers abroad. Spot gold rose 0.3% to $1,858.19 an ounce by 07:57 GMT, after rising to …

Japan’s Nikkei fell at the close on Tuesday, dragged down by declines in US futures and Asian stocks, as investors looked for fresh stimulus after the corporate earnings season ended, which in turn weighed on sentiment. The Nikkei gave up the gains recorded earlier in the session and closed down …

Oil, Crude, trading

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

Oil, Crude, trading

Mixed trading continues to dominate the pound’s movements against its Japanese counterpart, with the opening of this week’s trading failing to stabilize for a long time above the 161.00 level. On the technical side, we are inclined in our trading to the negative, relying on the clear negative signs on …

Trading tilted to the negative, which dominated the Canadian dollar’s movements yesterday, to find a solid support floor near the 1.2770 level, forcing it to rebound to the upside. It is now hovering around the 1.2810 level. Technically and carefully considering the 4-hour chart, we find a conflict in the …

Oil, Crude, trading