European stocks extended their rally on Wednesday after a lower inflation reading in France boosted sentiment as investors await data on business activity in the eurozone and minutes from the Federal Reserve’s last meeting. The Stoxx 600 index of European shares rose 0.5 percent by 0808 GMT, while the French …

The Nikkei index of Japanese stocks closed at its lowest level in nearly ten months in the first trading sessions in 2023, tracking the impact of Wall Street’s decline last night, while sentiment was also affected by the rise of the yen against the dollar. The Nikkei index fell 1.45 …

Oil, Crude, trading

Positive trades dominated the movements of the Canadian dollar during the previous trading session after it confirmed the breach of the resistance level of the psychological barrier 1.3600, explaining that this may motivate the pair to visit 1.3660 and then 1.3700, recording the highest 1.3685. Technically, the simple moving average …

Oil, Crude, trading

Mixed movements tending to be negative dominated the prices of US crude oil futures contracts after it found a strong resistance level around the target to be achieved of 81.25, to record its highest level at 81.41 and start forming a solid negative attack. As a reminder, the previous technical …

Gold prices managed to touch the required official target at 1850, recording its highest level at 1850, to decline significantly due to touching the pivotal resistance level of 1850 represented by the target, which forced the price to trade negatively to retest 1828 support. Technically, and with a closer look …

The movements of the EUR/USD pair witnessed a negative trading session, negating the expected bullish scenario in the previous analysis. We have indicated that a decline below 1.0590/1.0600 can nullify the suggested bullish scenario and place the pair under intense negative pressure, aiming to retest 1.0560 & 1.0510, recording its …

The dollar rose on Monday in the first trading sessions in the new year, moving away from its lowest level in six months, which it reached recently, against a basket of major currencies. But this rise came after a recent decline as markets bet that the Federal Reserve will soon …

Turkey’s annual inflation fell to 64.27 percent in December, official data showed on Tuesday, below expectations, after hitting a 24-year high in October. The Turkish Statistical Institute said consumer prices rose 1.18 percent month-on-month, compared to the 2.7 percent expected in a Reuters poll. On an annual basis, expectations were …