The euro is quietly trading on the positive side against the US dollar within the expected bullish path mentioned in the previous analysis, touching the first target required to be achieved 1.1820. On the technical side today, we tend to the positive, relying on the pair’s continuing positive stimulus from …

At their meeting on September 1, the OPEC and its allies (OPEC+) are likely to maintain the oil output policies, Reuters reports, citing sources familiar with the cartel’s thinking. The sources said that OPEC+ will kick off with the planned 400K barrel per day (bpd) hike from September. “Current oil …

According to the preliminary estimate published by Destatist on Monday, consumer inflation in Germany, as measured by CPI, decelerated sharply in August and remained flat as compared to the 0.9% rise recorded in the previous month. On a yearly basis, the CPI edged higher to 3.9% from 3.8% in July.

The dollar held near two-week lows on Monday, held in check by a message from the US Federal Reserve chairman that there is no rush to withdraw massive stimulus. The US currency’s allure took a hit since Friday, when Federal Reserve Chairman Jerome Powell said a gradual reduction of stimulus …

Gold prices fell on Monday, August 30, as risk appetite improved after US Federal Reserve Chairman Jerome Powell calmed market fears of a rapid withdrawal of stimulus applied to mitigate the impact of the Coronavirus pandemic, reducing the yellow metal’s safe-haven appeal. Spot gold fell 0.2% to $1,813.76 an ounce …

Japanese stocks rose on Monday, August 30, due to a rebound on Wall Street, after US Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole forum eased market concerns about a rapid withdrawal of stimulus measures due to the epidemic. The broader TOPIX index rose near the close to …

European shares rose on Monday, August 30, to consolidate near record highs reached earlier this month, as hopes that continued central bank support will maintain the economic recovery dispelled the impact of fears surrounding the delta strain of the Coronavirus. The STOXX 600 index of the broader European shares rose …

The German DAX index made positive attempts, benefiting from stability above the intraday support floor of 15,800. Technically, we tend to the positivity, relying on the stability of trading above the mentioned support, accompanied by the positive motive of the 50-day moving average. Therefore, the bullish bias is likely today, …

Oil, Crude, trading

Sideways trading tends to be positive, confined from the downside, above the support level of 150.50 and below the resistance level of 151.50. On the technical side, today we tend to the negativity, but with caution, relying on the stability of trading below 151.50, accompanied by the negativity coming from …