Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5.5% following its June policy meeting.

After a week of anxious waiting, the markets received the high US inflation number they had been dreading, then shrugged it off and moved on, leaving the USD under pressure and most of the major currencies stuck in tight ranges. In early trading in the Asian session, the dollar incurred …

Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were …

European shares extended gains for the sixth session Friday, June 11, supported by hopes that major central banks will continue to pursue an accommodative monetary policy despite signs of rising inflation, while gains in mining and travel companies lent support to indexes in the region. The Stoxx600 index of European …

Gold prices rose above $1,900 an ounce Friday, June 11th, supported by a weaker dollar and lower Treasury yields, after data showing high inflation in the United States was deemed insufficient for the US Federal Reserve to change its monetary policy. And gold rose in spot transactions 0.1% to $ …

Japanese stocks closed slightly lower Friday, June 11th as losses incurred by cyclical stocks, as well as banks and real estate companies offset gains made by the technical heavyweights in the market. The Nikkei index fell 0.03% to 28,948.73 points, while the broader Topix index fell 0.14% to 1954.02 points. …

The German DAX index managed to touch the first awaited target mentioned in the previous analysis, which is located at 15,640, to record its highest level during the previous trading session, 15,637. On the technical side today, and with a closer look at the hourly chart, the simple moving averages …

Negative trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish context during the previous analysis, touching the first target that is required to be achieved around 34,380, to record its lowest level at 34,387. On the technical side today, …

GBP/JPY managed to touch the first target mentioned in the previous report, which is located at 154.10, recording its lowest price at 154.13 to return to the bullish rebound again, benefiting from the support level. On the technical side, today, and with a closer look at the 60-minute chart, we …

The technical outlook is unchanged, and the pair’s movements have not changed significantly, within attempts to maintain the bullish correction tendency, setteled above 1.2030 and most importantly 1.2000. Technically, stochastic is still trying to provide positive signals to get additional momentum. Therefore, the bullish bias is likely today, targeting 1.2125, …