Oil, Crude, trading

Gold’s movements witnessed random trades affected by the Federal Reserve’s decisions yesterday, with total bearish performance, to witness intraday stability below 1774, and in general, below 1780. On the technical side today, looking at the 240-minute chart, we notice the negative impact of the bearish technical structure shown on the …

Mixed trading dominated the euro’s movements against the US dollar. The euro is still facing negative pressure for the fourth consecutive session, unable to breach the strong resistance level published during all the technical reports over the week at 1.1750. Technically, the euro continues its negative crawling to the downside …

The Bank of England will hold a monetary policy meeting and will announce its decision on Thursday, September 23rd; markets are widely expecting the central bank to keep the key rate unchanged at 0.1%. The Bank of England expanded its Asset Purchase Facility to £875 billion between March and November …

The Bank of Japan left its key short-term interest rate unchanged at -0.1%, and kept the target for the 10-year government bond yield at around 0% during its September meeting with an 8-1 vote, as expected. However, policymakers’ outlook came bleak on exports and factory production amid supply chain turmoil …

The German Ifo Institute announced this morning, Wednesday, that it has reduced its economic growth forecast in Germany during the current year, as the expectations of experts at the institute indicate that the German economy will grow by about 2.5% during 2021 due to the fluctuations in supply chains and …

The dollar rose in early European trading on Wednesday, but moves were set before the conclusion of a crucial Federal Reserve meeting later in the session. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.255, away from Tuesday’s high of …

European shares rose on Wednesday, recovering from early-week losses after debt-laden China’s Evergrande said it would make some interest payments, while travel and leisure shares jumped to a 14-week high. Frankfurt-listed Evergrande shares jumped 15.1 percent after hitting multi-year lows in the previous session. The real estate developer said it …

The Nikkei hit a more than two-week low on Wednesday, September 22nd, as investors cautiously looked to the outcome of the US Federal Reserve meeting for more indications on when to end stimulus and raise interest rates. The benchmark index closed down 0.67% at 29639.40 points, while the broader TOPIX …

The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …