Tag Archives: European Stocks

An OPEC + source told Reuters that the commitment of the producer group to oil production cuts rose to 129 percent in January, noting that some members are still finding it difficult to increase their production. This compares with 122 percent in December and 117 percent in November. The source …

GBP/JPY touched the first bearish target published during the last analysis, located at 156.10, recording its lowest level at 156.06. The intraday movements of the pair are witnessing a slight bullish tendency as building on the support of 156.00, in addition to the attempts of the stochastic indicator to obtain …

Oil, Crude, trading

GBP/JPY managed to touch the bullish target required to be achieved yesterday, at 157.00, recording the highest level at 157.10. On the technical side, the current moves are witnessing a bearish bias resulting from hitting the resistance level 157.00. which constitutes a negative pressure factor, and the RSI is losing …

Oil, Crude, trading

During yesterday’s trading session, the Pound Sterling presented positive trades, benefiting from a base at the 156.20 support level, recording its highest level near the pivotal resistance 157.00. On the technical side, the pair is trying to consolidate above 156.20, accompanied by the positive attempts of the stochastic indicator, in …

Oil, Crude, trading

The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in January, according to the latest report from the US Bureau of Labor Statistics on Tuesday. MoM, PPI came in at 1.0% in January, well above expectations for a 0.5% MoM gain. Core PPI metrics were …

Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine. A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an …

The Canadian dollar is trying to maintain its recent gains during last week’s trading, after it sought to establish a solid support floor around 1.2665, to witness intraday movements stability above 1.2700. Technically, the return of the simple moving averages provides a positive motive and the clear positive crossover signs …