On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in the fourth quarter of this year due to high energy prices but kept its expectations of strong demand growth above pre-pandemic levels in 2022. OPEC said in a monthly report that …

US stock futures rose marginally in trading on Thursday, after a massive sell-off in US technology shares. The Dow Jones Industrial Production Index futures rose 41 points, or 0.11%, to 36,033 points, the S&P 500 index rose to 4,656 points, an increase of 14 points, or 0.3%, and the Nasdaq …

The European Commission expects the eurozone economy to grow by 5% in 2021, 4.3% in 2022, and 2.5% in 2023. According to the Commission, the labor market in the euro area is witnessing a remarkable improvement with the creation of 1.5 million new jobs, and the labor market will complete …

Japanese stocks closed higher on Thursday as investors were selective and picked undervalued stocks compared to their latest expectations, while concerns about rising costs weighed on buying. The Nikkei average rose 0.59 percent to 29,277.86 points, after losing 0.2 percent earlier in the session, affected by the decline in US …

The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the …

The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

Negative trading dominated the German DAX index, maintaining the negative path, recording a low at 15,977. Technically, we tend to be negative, relying on the clear negative signs on stochastic and losing the bullish momentum and the stability of the intraday trading below the resistance level 16,085. Therefore, completing the …

GBP/JPY did not show any change for the second session in a row within a bearish sideways range, between support level of 152.60 and resistance level of 153.60. Technically, we tend to negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, and the clear …

The Canadian dollar was able to maintain the expected bullish corrective path, which we relied on in the stability of trading in general above the 1.2370 support, in addition to breaching 1.2480, explaining that this helps the pair maintain positive stability, targeting 1.2530 to record the highest at 1.2515 during …

Oil, Crude, trading