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Gold moves tended to be positive, benefiting from building a base on 1882 support, as the current moves witness attempts to recover and consolidate above the 1901 resistance level. Technically, we note that the 50-day moving average provides a positive motive in conjunction with the clear positive signals on the …

The single currency continues to fluctuate in the same price range without any change, the current moves are witnessing attempts to recover and consolidate above 1.1720 resistance. Technically, looking at the 4-hour chart, we find that the stochastic is still trading in negative areas and favoring the return of the …

The Bank of England’s (BOE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its November policy meeting, as the second nationwide lockdown kicks-in this Thursday. The BOE expanded the Quantitative Easing (QE) program by £150 billion to £895 billion. Sees UK GDP -11% …

Oil prices rose on Wednesday, after data showed a decline in US crude oil inventories. Data by the US Energy Information Administration (EIA) showed on Wednesday that crude oil inventories in the United States declined by 8 million barrels for the week ended October 30. Brent futures for January delivery …

Gold prices declined on Wednesday, as markets anticipate the outcomes of the US presidential elections. Gold futures for December delivery closed lower by $2.30, or 0.1%, at $1,908.10 per ounce. Silver futures for December delivery finished lower by 14.4 cents, or 0.6%, at $24.19 per ounce.

European stocks closed higher on Wednesday, as investors anticipate the outcomes of the United States presidential elections. The Stoxx Europe 600 index gained 1.89% or 6.73 points, to close at 362.74 points. Meanwhile, the UK’s FTSE100 finished higher by 1.67%. The German DAX leveled up by 1.95%, while the French …

The Institute for Supply Management’s (ISM) services index decreased in October to 56.6 from 57.8 in September, data showed on Wednesday. This is the lowest expansion for the United States services sector in five months, as the economy recovers from the impact of the COVID-19 pandemic.

Crude oil inventories in the United States declined by 8 million barrels last week, according to data by the US Energy Information Administration (EIA) on Wednesday. Meanwhile, gasoline stockpiles increased by 1.5 million barrels, while distillate stockpiles decreased by 1.6 million barrels.

The US Dollar (USD) is fluctuating on Wednesday, awaiting the results of yesterday’s elections. It seems unlikely that the Democrats will take control of the Senate, which means a new large stimulus package remains uncertain. The Dollar index (DXY), which measures the performance of the USD against a basket of …

Wall Street opened higher on Wednesday, on the day following Election Day in the United States as the outcomes of the elections remains highly anticipated. All the indices of the New York Stock Exchange (NYSE) are trading higher. The Dow Jones Industrial Average is up by more than 563 points …