Planned job cuts in the US-based employers dropped to 34,531 in February from 79,552 in January, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

Oil prices rose for the second session in a row on Thursday, March 4, as they received support from the possibility of OPEC+ producers taking a decision against increasing production at an important meeting to be held later today, along with the decline in the US fuel stocks. Brent crude …

The Food and Agriculture Organization of the United Nations (FAO) said that global food prices rose for the ninth consecutive month in February, reaching their highest levels since July 2014, led by jumps in the prices of sugar and vegetable oils. The FAO Food Price Index, which measures monthly changes …

The data published by Eurostat showed on Thursday that Retail Sales in the euro area contracted by 5.9% on a monthly basis in January. This reading followed December’s increase of 1.8% and fell short of the market expectation for a decline of 1.1%. On a yearly basis, Retail Sales fell …

The Turkish lira weakened on Thursday (March 4th) and reached a level of 7.5 for the first time since January 18, under pressure from global concerns about rising US Treasury yields and concern over rising inflation in Turkey. The Turkish lira fell against the dollar to 7.5145 compared to 7.4550 …

Gold prices rose Thursday, March 4th, recovering from the lowest level in nearly nine months recorded in the last session, but the US Treasury bond yields that are rising continued to put pressure on the yellow metal, which does not yield a return. Spot gold rose 0.5% to $1719.21, after …

The dollar reached its highest level against the yen in 7 months today, Thursday, as it received support from a more regular rise in US Treasury yields ahead of a speech by Jerome Powell, the head of the US Federal Reserve, that may determine the direction the global currency and …

Strong declines dominated the movements of the Dow Jones Industrial Average yesterday within the bearish path mentioned in the previous analysis, touching the official target station at the price of 31150, recording the lowest price of 30985. On the technical side today, with the index falling to maintain trading above …

The German DAX index succeeded in achieving the second target to be touched during the previous analysis, located at a price of 14,170, to succeed in reaching its highest level at 14,193. On the technical side today, we tend to be positive in our trading, relying on the stability of …

The current moves of the pound sterling against the Japanese yen are witnessing a bearish bias as a result of the pair’s intraday trading stability below the 149.60 resistance level. On the technical side, we find the stochastic indicator gradually losing the bullish momentum, which supports the possibility that we …