Oil prices rose on Tuesday, June 1, to record Brent $71 and its highest level since March, thanks to expectations of growth in fuel demand in the summer travel season in the United States. Prices were also boosted by Chinese data showing factory activity grew at its fastest pace this …

Eurozone inflation rose above the European Central Bank’s target in May, highlighting a challenge for policymakers who may accept higher prices for now but may face a backlash from angry consumers. Inflation in the 19 countries that deal in the euro accelerated to 2% in May from 1.6% in April, …

The dollar hovered near a five-month low on Tuesday, June 1 as investors awaited eurozone inflation data and the US manufacturing sector survey, while the yuan stabilized after China’s central bank adopted steps to stem its rally. The dollar index returned to decline from the level of 90 in European …

Three OPEC sources told Reuters that OPEC+ is likely to stick to the current pace of gradual easing of oil supply restrictions at Tuesday’s meeting, as producers weigh their expectations of a demand recovery against a possible increase in Iran’s supply. The Organization of the Petroleum Exporting Countries (OPEC) and …

Oil prices rose on Tuesday, June 1 ahead of a meeting of the OPEC+ alliance, buoyed by hopes of growth in fuel demand in the coming months as the summer driving season begins in the United States, the world’s largest oil consumer. Prices also received a boost from Chinese data …

Gold prices rose today, Tuesday, June 1 to their highest levels in nearly five months, supported by the decline of the dollar and growing inflationary pressures, while investors awaited more US data for indications of the extent of the global economic recovery. Spot gold rose 0.1% to 1910.24 dollars an …

The German DAX index opened today’s trading session with a slight bullish bias, trying to build on the strong support floor located at 15400 prices. Technically, today, we tend to the positivity, but with caution, relying on the positive motive of the 50-day moving average, which continues to carry the …

Positive movements continue to dominate the movements of the Dow Jones Industrial Average in the New York Stock Exchange, recording the highest 34,561. On the technical side, today, we tend to be positive in our trading, relying on building the price above 34,40/34,410 support, which is accompanied by the index …

Positive trading dominated the pound’s movements against its Japanese counterpart, benefiting from the 155.40 support level, to witness the current movements’ bullish bias that targeted a retest of 155.80. On the technical side today, with the pair continuing to obtain positive stimulus from the 50-day moving average, in addition to …

The technical outlook remains unchanged, and the Canadian dollar’s movements have not changed significantly, preserving the negative stability. The negativity of the stochastic indicator and the beginning of the negative pressure of the 50-day moving average supports the possibility of a decline. Therefore, we are targeting 1.2030, and we should …