The Central Bank of Russia announced on Friday that it raised its policy rate by 25 basis points to 6.75% from 6.5%, compared to the market expectation for an increase of 50 basis points, as reported by Reuters.

The dollar fell as growth-linked currencies rose after the Chinese yuan climbed to a one-week high on news that US President Joe Biden and Chinese leader Xi Jinping spoke for the first time in seven months. The White House said in a statement that Biden and Xi had a “broad …

Gold surpassed $1,800 on Friday, boosted by bets that central banks may keep interest rates relatively low to stave off continuing risks to growth. But the dollar’s rise in general, with investors seeking indications about the timing of the schedule to reduce stimulus by the US Federal Reserve, kept gold …

European shares rose, tracking a positive trading session in Asia, even as investors weighed the risks of monetary tightening after the European Central Bank indicated it was slowing its purchase of pandemic bonds.The pan-European Stoxx 600 index rose 0.2 percent, but was still on track to end the week lower …

Japan’s Nikkei hit a six-month high, and the broader Topix touched its highest level since 1990, continuing its rally since the end of August on hopes of a new government formation and a further improvement in profits. News that US President Joe Biden and his Chinese counterpart Xi Jinping held …

The German DAX index achieved the official bearish target of 15,520 to record its lowest level at 15,447. On the technical side, the 50-day moving average still constitutes an obstacle to the index, in addition to stabilizing trading below the 15,650 resistance level. Therefore, we tend to be negative, but …

Oil, Crude, trading

Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00. Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals. From here, the bullish …

The Canadian dollar found a strong resistance level around 1.2720, which forced it to trade negatively again, settled below the 1.2660 level. Technically, the negative pressure from the 50-day moving average supports the possibility of a bearish bias, in addition to stabilizing intraday trading below the 1.2665 resistance level represented …

Oil, Crude, trading