The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …
Read More »Gold Rises After Fed Decisions
Gold prices rose during trading Thursday, after the decisions of the Federal Reserve, and amid the decline of the US dollar from its highest level in three weeks. The Federal Reserve decided to reduce its bond purchases by $30 billion per month, starting next January, instead of the previously announced …
Read More »European Shares Rise Ahead of The ECB Meeting Minutes
European stock prices jumped on Thursday after a positive economic outlook released by the US Federal Reserve improved buying interest, and investors turned their attention to the European Central Bank meeting results. The pan-European Stoxx 600 index rose 1.4 percent by 0813 GMT on expectations of the best daily performance …
Read More »UK Preliminary Manufacturing PMI Eases to 57.6 in December
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) worsened to 57.6 in December versus 57.6 expected and 58.1 – November’s final reading. The Preliminary UK Services Business Activity Index for December slumped, arriving at 53.2 versus November’s final readout 58.5 and 57.0 expected.
Read More »Nikkei Records Its Biggest Gain in 7 Weeks After The US Federal Reserve Meeting
The Nikkei index jumped Thursday, December 16, to record its largest gain in nearly seven weeks, after the US Federal Reserve’s decision to end pandemic-period bond purchases came in line with investor expectations. The Nikkei rose 2.13% to 2,9066.32 points, the largest increase since the first of November, while the …
Read More »GBP/JPY: Touches Bullish Targets 16/12/2021
GBP/JPY achieved the idea of the rise published during the previous analysis, touching the official target of 151.40, recording its highest level of 151.40. On the technical side today, looking at the 240-minute chart, we find the simple moving averages continuing to support the bullish curve, in addition to the …
Read More »The Canadian Dollar Extends Gains 16/12/2021
Remarkable positive trades dominated the movements of the Canadian dollar within the bullish context as we expected it to touch the first target that is required to be achieved during the previous analysis 1.2910 and is approaching by a few points from the second target 1.2950, recording the highest level …
Read More »The Pound Below Resistance 16/12/2021
Oil, Crude, trading
Read More »Oil Start on Positive 16/12/2021
Oil, Crude, trading
Read More »Gold is Looking For a Clearer Direction 16/12/2021
Mixed trading dominated the movements of the yellow metal after the Federal Reserve’s decision yesterday, recording its lowest level near the 1753 support, to return to the bullish rebound and is now hovering around 1783 areas. On the technical side, the 14-day momentum indicator is stable above its mid-line, supporting …
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