Russian Deputy Prime Minister Alexander Novak said on Thursday that attempts to put a ceiling on the price of Russian oil could lead to an “imbalance” in the market and push prices higher, the Russian Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday. His …

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.3% on a yearly basis in May, the US Bureau of Economic Analysis announced on Thursday. The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, declined to 4.7% in the …

Gold settled for most of the time Thursday, June 30, but faces its worst quarter since early 2021 as the dollar’s impressive performance deterred investors. spot gold prices settled at $1817.01 an ounce, and US gold futures prices changed little to $1816.90 an ounce. It is expected that gold prices …

The Swedish Krona rose against the Euro on Thursday after Sweden’s Central Bank raised its key interest rate by 50 basis points, as expected. On the other hand, the price of the euro stabilized against the major currencies and remained near its lowest level since 2015 against the Swiss franc …

Data from the Turkish Statistical Institute showed on Thursday that the foreign trade deficit rose 155.2 percent year-on-year to $10.61 billion in May, with imports increasing by 43.5 percent. The data showed that imports amounted to $29.59 billion, while exports rose 15.3 percent to $18.98 billion. Under an economic program …

Japanese shares fell more than 1.5 percent on Thursday after data showed that monthly industrial production posted its biggest drop in two years and the yen fell to a 24-year low overnight, stoking fears of an economic slowdown. The Japanese Nikkei index fell at a steady pace throughout the day …

European shares fell on Thursday, on track to record their worst quarter since the massive plunge during the COVID-19 pandemic in early 2020, as investors grew increasingly concerned about a global recession following tough central bank measures to tame soaring inflation. The pan-European STOXX 600 index fell 1.4 percent by …

Oil, Crude, trading

GBP/JPY was able to approach by a few points from the target published during the last analysis at 165.30, recording its lowest level at 165.40. On the technical side, we tend to be positive but cautiously, relying on the clear positivity features on stochastic, in addition to the intraday pivot …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …