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The yellow metal prices took advantage of the decline of the US dollar to settle above the psychological barrier of 1700, as part of positive attempts to target a re-test of 1735. On the technical side today, the stability of trading above the sub-support level 1721/1720 increases the possibility of …

Quiet, positive transactions dominated the moves of the euro against the US dollar, as part of the pair’s attempts to stabilize the pair above the 1.1780 resistance level. Technically, and with a closer look at the chart, the 60-minute chart, we find the euro is stable above the aforementioned level, …

The New York Stock Exchange (NYSE) closed higher on Monday, with main indices reaching all-time record highs, supported by positive economic data. In the first session of the week, the Dow Jones Industrial Average and the S&P 500 indices closed at new record levels, due to the improved investors’ sentiment …

President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the outlook for the U.S. is improving, expecting the Fed to keep its current policies to support economic growth. “I’m thinking that we’ll see a very strong second half of the year, but we are still …

Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month. In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave …

Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …

The United States Treasury Secretary Janet Yellen has called upon G20 countries to coordinate tax policies. Yellen said on Monday that she is collaborating with G20 countries to reach an agreement on the minimum rate of corporate taxes globally, after a three-decade race to the bottom on corporate tax rates …

Major indices of the New York Stock Exchange (NYSE) surged in early Monday trade to new record highs, supported by the recent strong employment data and positive sentiment in Wall Street towards signs for recovery from the Coronavirus pandemic. The Dow Jones Industrial Average is up by about 402 points, …

New orders for goods manufactured in the United States decline during February, data showed on Monday. Factory orders fell by 0.8% in February, following a 2.7% rise in January, according to the U.S. Department of Commerce. The cold weather, resulting from a recent winter storm that hit southern parts of …