Oil prices fell on Thursday after speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries may increase crude production to offset any decline in Russian production. Brent crude fell $2.82, or 2.4 percent, to $113.47 a barrel, after rising 0.6 percent on Wednesday. US …

The euro and the yen rose on Thursday, reversing a wave of recent losses incurred by the two currencies against the dollar, and the Swiss franc reached a one-month high against the euro after inflation in Switzerland climbed to a 14-year high. In Asian trading, the dollar rose to a …

Turkey’s Trade Ministry said on Thursday that the country’s trade deficit jumped 157 percent year-on-year in May to $10.68 billion, as energy import costs continued to rise. Russia’s invasion of Ukraine has sent global commodity prices soaring, jeopardizing Ankara’s New Economic Program that aims to tackle high inflation by running …

Japan’s Nikkei gave up most of its gains to close flat on Tuesday, as worries about inflation and higher interest rates in the United States outweighed the rise of automakers and energy-related stocks. The index rose 0.1 percent to 27,943.95 points, after exceeding 28,000 points for the first time since …

Oil, Crude, trading

The British pound touched the bullish target required during the last analysis, at 163.10, recording a high of 163.32. On the technical side, the pair failed to stabilize for a long time above the psychological barrier resistance level 163.00, which forced it to trade negatively significantly to retest 162.00. With …

Tight sideways trading dominated the Canadian dollar’s movements yesterday, touching the strong support floor at 1.2600 and below the resistance level of 1.2690. Technically and carefully looking at the 60-minute chart, we find that the RSI is trying to gain more bullish momentum; this comes in conjunction with the positivity …

Oil, Crude, trading

Sideways trading without a clear direction dominated gold prices during the previous trading session to retest the 1850 resistance, unable to consolidate above it. Technically, and by looking at the 4-hour chart, we find gold stable below 1850, the previously broken support and now converted into a resistance level accompanied …

The single European currency declined during the previous session’s trading within the expected bearish path during the last analysis, in which we relied on breaking 1.0670, heading towards touching the first required target at 1.0625, recording its lowest level at 1.0627. Technically, and by looking at the 4-hour chart, we …