Oil prices rose Thursday, June 10, a day after falling due to data indicating weak demand for fuel in the American driving season, while investors awaited upcoming US economic data. Brent crude futures rose 18 cents, or 0.25%, to $72.40 a barrel, close to a peak not seen since May …
Read More »ECB Leaves Key Rates And PEPP Unchanged
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …
Read More »The Turkish Lira And US Data, What is to Come?
For the second day in a row, the Turkish lira is trying to rise against the US dollar, after Turkey announced the discovery of a natural gas field. Natural gas discoveries raise the Turkish lira because they contribute to creating a balance in the balance of payments and reduce imports. …
Read More »European Central Bank Meeting: Forecasts From 5 Major Banks
The European Central Bank is expected to leave its PEPP unchanged at a total of EUR1.85 trillion. The ECB releases its decision at 11:45 GMT while ECB President Christine Lagarde begins her press conference at 12:30 GMT. Danske Bank “The ECB meeting will focus on the financing conditions, PEPP implementation …
Read More »Markets Await ECB Decision And US Inflation Figures, What’s to Come?
The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …
Read More »ECB to Plot Next Phase of Pandemic Bond-Buying
According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.
Read More »Car And Oil Companies Press on European Shares Before The ECB meeting
European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …
Read More »Oil Falls as The Start of The Flight Season in America Fails to Increase Fuel Demand
Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …
Read More »German DAX Tries to Hold Above The Support
Mixed trading dominated the movements of the German DAX index to retest the strong support level of 15,500. On the technical side, we tend in our intraday trading to be positive, but with caution, relying on the continued attempts of the RSI to obtain bullish momentum, in addition to stabilizing …
Read More »Dow Jones May Have a Temporary Drop
The current movements of the Dow Jones Industrial Average are witnessing a slight bearish tendency, as a result of hitting the resistance level of 34,640. On the technical side today, and with careful consideration on the short time frames, we find that the RSI tends to the negative, in addition …
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