Gold rose on Friday morning in Asia. However, the yellow metal braced for its third consecutive weekly decline, weighed by signs that the US Federal Reserve will accelerate the pace of reduction in asset purchases and raise interest rates earlier than expected to curb inflationary pressures. Gold futures rose 0.66% …

Data on Friday showed that inflation in Turkey rose more than expected to 21.31% on an annual basis in November, its highest level in three years, exacerbating the decline in real yields after the unprecedented decline of the lira to its lowest levels ever. The Turkish Statistical Institute said consumer …

Japan’s Nikkei index reversed course to close higher on Friday, led by travel and leisure stocks, as investors cashed in on battered stocks amid concerns about the impact of the mutated Omicron strain of the coronavirus. The Nikkei rose 1%, the largest percentage increase in three weeks, to close at …

Positive trades dominated the pound’s movements against the yen within a gradually ascending path to the upside, building on support level 149.90. On the technical side, we are inclined to the positivity, relying on stability above the mentioned support level and the clear positive crossover signs on the stochastic indicator. …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the expected bullish path after building a good support floor around 1.2760 and, most importantly, 1.2730. Technically, the bullish trend is still valid, depending on the stability of daily trading above the strong support level at …

Oil, Crude, trading

Oil, Crude, trading

Prices of the yellow metal declined significantly during the previous trading session, touching the second official target required to be achieved in the last technical report, at 1761, recording its lowest level at 1761.00. On the technical side today, and by looking at the 4-hour chart, we notice that gold …

The technical outlook is unchanged, maintaining the negative stability against the dollar, witnessing intraday movements stable below 1.1330. On the technical side, the daily moves of the euro against the US dollar are stable below the resistance level of 1.1380. We notice the negative signs that started appearing on the …

Markets are awaiting the results of the OPEC meeting, as well as the US jobs report tomorrow. According to sources cited by Reuters, OPEC+ may as an option discuss hiking output by just 200K barrels per day (BPD) in January versus the current agreement which stipulates 400K BPD monthly output …