Two sources from OPEC+ said that the bloc’s production was 2.892 million barrels per day lower than its target levels in July, as sanctions imposed on some members and reduced investment by others hampered the group’s ability to increase production. The two sources said compliance with production targets reached 546 …

The US dollar index hit a five-week high on Monday after another Federal Reserve official indicated that monetary tightening may remain strong ahead of the central bank’s Jackson Hole seminar this week. The euro fell to its lowest level in five weeks after Russia announced a three-day halt to European …

Gold prices fell for the sixth consecutive session on Monday, hitting their lowest level in more than three weeks, affected by the strength of the dollar and expectations that the Federal Reserve will raise interest rates to curb rising inflation. And the price of gold in spot transactions 0.1 percent …

Japanese stocks closed lower on Monday as technology heavyweights led the decline after Wall Street slumped amid rising bond yields at the end of last week. The Nikkei index fell 0.47 percent to 28,794.50 points, recouping some of its losses in early trading on the impact of China’s cut interest …

Oil, Crude, trading

Positive trades dominated the pound movements against the Japanese yen, trying to build on pivot above the support level 161.50. It hovers around the highest level during today’s morning session, 162.35. Technically, we are inclined to the positivity, relying on the positive motive coming from the 50-day simple moving average, …

The Canadian dollar succeeded in achieving noticeable increases during the last trading sessions of last week, within the expected positive outlook, touching our first target of 1.2960 and heading to visit the second target of 1.3000, recording the highest level at 1.3010. Technically, the pair established a support floor around …

Oil, Crude, trading

US crude oil futures prices achieved the upside, as we expected at the end of last week’s trading, touching the required price station at 92.00, recording its highest level last Friday of $92.08 per barrel. Technically, and with careful consideration on the 4-hour chart, oil prices found strong resistance at …

Gold prices achieved the awaited technical target referred to during the last analysis at 1746, recording its lowest level at the end of last week’s trading at $1745 per ounce. Technically, gold prices are now stabilizing around their lowest level during the early trading session of the current session at …