Oil prices continued to decline on Thursday, dropping more than 2 percent as investors reassessed the risk of recession and fuel demand, as major economies raised interest rates. US West Texas Intermediate crude futures fell $2.6, or 2.7 percent, to $103.46 a barrel by 0330 GMT. Brent crude futures fell …

Japanese stocks ended stable Thursday trading after a turbulent session in which investors were affected by recession fears. The Nikkei index rose 0.08 percent to 26,171.25 points at the close, continuing to trade higher than the psychological level at 26 thousand points, after falling to 25,520.23 points on Monday. The …

Oil, Crude, trading

Noticeable negative trades dominated the movements of GBP/JPY within the idea of ​​the expected bearish tendency during the previous analysis, approaching by a few points the required target of 165.50, recording its lowest level during the early trading of the current session, 165.62. Technically, we find the simple moving averages …

The technical outlook is unchanged and the movements of the Canadian dollar did not change much, maintaining the negative stability below the resistance level of the psychological barrier of 1.3000. Technically, by looking at the 240-minute chart, the pair is still stable below the resistance level of the psychological barrier …

Oil, Crude, trading

We adhered to intraday neutrality during the last analysis, explaining that we are observing the price behavior of the bullish wave between 1825 and 1842. Furthermore, we indicated that cohesion above 1825 and 1842 are price motivating factors that increase the possibility of touching 1849, so gold recorded its highest …

The strong support level published during the previous analysis at 1.0470 pushed the price to the upside, as we expected, for the euro to reach the required targets at 1.0550 and 1.0580, recording the highest around the psychological edge of 1.0605. Technically, we find the intraday movements of the euro …

FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.” “It’s really only at the very short end that real rates are negative.”“Price inflation is a macroeconomic question.”“Our tools can’t impact energy and food inflation.”“Focused on part …

While testifying before the Senate Banking, Housing, & Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that Economy is very strong and well-positioned to handle tighter monetary policy. “Inflation aggravated by longer-lasting supply chain constraints, russian invasion of ukraine; china covid lockdowns likely to exacerbate supply chain problems.”“Recent …