Russia’s production of oil and gas condensate fell to 10.43 million barrels per day in August from 10.46 million barrels per day in July, according to calculations made by Reuters based on an Interfax report citing data from the Energy Ministry issued on Thursday. Interfax reported that the total production …

The euro held near a one-month high against the dollar and a six-month peak against the pound, supported by statements that tend to tighten monetary policy by policymakers at the European Central Bank, and after data that showed inflation at its highest level in ten years and in light of …

Gold prices stabilized as investors held off large bets in anticipation of a US non-farm payrolls reading seen as critical to the schedule for the Federal Reserve’s tapering of stimulus. There was little change in gold in spot trading at $1814.58 an ounce by 0646 GMT, while gold was trading …

European shares rose on Thursday, supported by oil and chemical companies, while doubts about the outlook for monetary policy and signs of slowing global growth limited gains. The pan-European Stoxx 600 index rose 0.1% after Asian shares fell on growing concerns about the Chinese economy following a batch of weak …

Japan’s Topix index closed at a more than five-month high on Thursday, recovering from earlier losses, as a rise in technology shares offset the impact of a decline in carriers. Topix rose 0.14% to 1983.57 points, its highest closing level since March 29. The index rose for the fourth consecutive …

Oil prices fell after the Organization of the Petroleum Exporting Countries (OPEC) agreed to keep its policy of gradual supply back to the market unchanged as coronavirus cases soar around the world and many US refiners, a major source of crude demand, are out of business. Brent crude fell 15 …

The current moves of the German DAX index are witnessing a bearish tendency after it hit the resistance level of 15,980 within a bearish slope that is close to retesting the support level of 15,750. On the technical side, there is a conflict between the technical signals, the stability of …

Oil, Crude, trading

GBP/JPY succeeded in touching the first target published in the previous analysis, at  151.70, recording a high of 151.95. Technically, the 50-day moving average still supports the daily bullish trend, in addition to the pair’s base on the support floor of 151.10/151.00. Therefore, we will maintain our positive outlook, targeting …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining positive stability. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to stabilizing trading above 1.2580. This increases the possibility that we will witness …