In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth for 2021 unchanged at 5.95 million barrels per day, according to Reuters. While OPEC lowered its forecast for global oil demand in the second quarter of 2021 by 300 …

​​​​​​The German ZEW headline numbers for May showed that the Economic Sentiment Index jumped to 84 from 70.7 previous. Meanwhile, the Current Conditions sub-index recovered to -40.1 in May as against -48.8 recorded in the previous month.

Data showed today, Tuesday, that industrial production in Turkey jumped 16.6% year on year in March, exceeding expectations by a large margin, to record growth for the tenth month in a row after a sharp slowdown last year, coinciding with the start of measures to combat the Coronavirus pandemic. The …

Japanese stocks fell today, Tuesday, affected by technology stocks that tracked Wall Street losses overnight, while stocks related to the domestic economic cycle also fell due to concerns about the deterioration of the situation regarding the pandemic in the country. The Nikkei index fell 3.08% to 28,608.59 points, its lowest …

European stocks fell from their peak on Tuesday, and technology, travel and mining stocks were among the biggest losers after concerns about high inflation in the United States drove US indexes down. The pan-European STOXX 600 index fell 1.6% after hitting a record high on Monday. Sentiment deteriorated globally after …

Oil prices declined today as fears of a long-term disruption to the Colonial Pipeline system of energy pipelines, the largest in the United States, diminished, while some US Gulf Coast refiners reduced production. US West Texas Intermediate crude futures fell 61 cents, equivalent to 0.94%, to $64.31 a barrel, after …

Bitcoin’s movements are witnessing a bearish trend in short intervals, after it reached its highest level during the previous trading session 59,504. On the technical side, we tend to be negative over the coming hours, relying on the negative pressure of the simple moving averages in addition to the negativity …

Positive trading dominated the movements of the DAX, gradually approaching our desired target at 15,460, to settle for its highest level, 15,436. On the technical side, the current movements of the index are witnessing a stable bearish slope below the resistance level 15,400, as we find negative signs appearing on …

The Dow Jones Industrial Average managed to achieve new political figures, as we expected, touching the official target required to be achieved during the previous session, at 34,950, to record a high of 35,000. On the technical side, the current trading is witnessing a bearish tendency, and this is a …

The British pound jumped against the Japanese yen as we expected during the previous analysis, touching the official target station at 152.60, to hit a high of 154.01. On the technical side today, with the pair succeeding in surpassing the resistance level 153.30 and the most important 152.80, which has …