European shares fell on Thursday after the US Federal Reserve’s decision to raise interest rates bolstered fears of a possible recession at a time when global economies are facing soaring inflation. The pan-European Stoxx 600 index was down 0.4 percent by 0710 GMT, although European stock futures recovered overnight after …
Read More »Nikkei halts a 4-session decline
The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …
Read More »Reuters: Russian oil production rose month-on-month in May
An OPEC+ document seen by Reuters and citing secondary sources showed on Thursday that Russia’s crude oil production rose to 9.273 million barrels per day in May from 9.159 million in April. Total production by members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, …
Read More »BoE Preview: hikes to continue until inflation improves
Markets are awaiting today, Thursday, the Bank of England interest rate decision, amid expectations that it will raise rates for the fifth time in a row since last December, which represents the largest rate hike in 25 years and is expected to continue with inflation heading towards recording double digits. …
Read More »Dow Jones: negative pressure continues 16/6/2022
Oil, Crude, trading
Read More »GBP/JPY: trying to build above the support 16/6/2022
Mixed trades dominated the movements of GBP/JPY during the previous trading session, within attempts to provide a positive bias, building on stability above the support floor 162.30. Technically, and carefully looking at the 60-minute chart, we find the 50-day simple moving average trying to push the price to the upside …
Read More »CAD re-testing support 16/6/2022
The Canadian dollar found a pivotal resistance level at the psychological barrier of 1.3000, which forced it to trade with limited negativity towards retesting the 1.2885 support level, which hovers around the pair’s current trading. Technically, the daily trend is still bullish, but we may witness a bearish bias in …
Read More »GBP moves cautiously and eyes are on BoE 16/6/2022
Oil, Crude, trading
Read More »Mixed trading dominates gold 16/6/2022
Mixed trading dominated gold’s movements during yesterday’s trading session, affected by the Federal Reserve’s decision to raise interest rates by 75 basis points, recording the highest at 1841 and the lowest around 1807. On the technical side, today, the current moves are witnessing stability below the resistance level of 1842, …
Read More »The euro touches targets 16/6/2022
The European currency witnessed typical trading during the previous trading session to test the bullish target of 1.0485, recording the highest level at 1.0510, and returning to the main bearish trend again, approaching a few points from the official descending station at 1.0350, recording its lowest level at 1.0360. Technically …
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