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The yellow metal prices achieved the negative outlook as we expected during the previous analysis, explaining that confirming the break of the 1660 support floor facilitated the task required to visit our first target 1646, recording its lowest level at the end of last week’s trading at 1640. Today’s technicals …

The single European currency reached the first required target last Friday at 0.9810, which formed a strong resistance level, causing the euro to fail to stabilize over the psychological barrier of 0.9800. From the angle of technical analysis today, the pair is now hovering above the support floor level of …

US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …

The 10-year US Treasury yields travelled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data paving the way for more rate hikes by Fed.In response, gold dropped below the $1,650 an ounce level, with December futures last trading at $1,643.87, down 1.74% …

Gold market is ending the week down nearly $90 from its October highs on renewed concerns regarding the expectations of Fed’s very aggressive stance into end of 2022.The 10-year US Treasury yields traveled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data …

Q3 earnings and profits slid at Wall Street’s biggest banks as they anticipate weaker economy while investment banking was hit hard, but investors saw a small glimpse of light with some banks beating estimates.Central banks fight inflation which is expected to cause an economic slowdown. Fed raised interest rate from …

US Treasury Secretary Janet Yellen on Friday took steps back from earlier speculation that G7 nations are pondering a $60 per barrel price cap on Russian oil. Yellen also noted that leader have not taken any decision in this regard as well.Under the G7 plan, Russian crude oil that is …

The GBP/USD pair falls below 1.1200 due to political row in the UK. At the time of writing, the GBP/USD is trading at 1.1177, below its opening price, after hitting a daily high of 1.1366. The British pound extends its loss amid two weeks of chaos around Liz Truss’s mini-budget, …

The dollar could continue rallying until the end of the global economic slowdown and growth starts to accelerate again, according to Citigroup Global Markets Inc. Until this happens, the dollar is the now obvious safest haven, as it offers a yield premium over its global rivals and peers. “What we …

Oil prices fell more than 3% on Friday as global recession fears and weak oil demand, especially in China, balanced support from a large cut of supply target by the OPEC+ alliance.Brent crude futures dropped to settle at $92.39 a barrel versus the opening level at $95.295, while US crude, …