The German Factory Orders rebounded less than expected in September, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse seems to be losing momentum. Contracts for goods ‘Made in Germany’ jumped 1.3% on the month vs. 2.0% expected and -7.7% last, the latest data published by the …

Oil prices fell to their lowest level in nearly four weeks on Wednesday after a larger-than-expected increase in US crude stocks, although gasoline stocks in the world’s largest consumer, the United States, sank to a four-year low. The global benchmark Brent crude contracts fell $2.73, or 3.2 percent, to settle …

European indices hit new record highs Thursday, November 4th for the fourth consecutive session after the US Federal Reserve indicated that it would be patient with interest rate hikes, thus diverting investors’ attention to the Bank of England’s interest rate decision. After the European Central announced that it was in …

The Asian session was relatively quiet. The Nikkei index rose 0.93% to close at 2,9794.37 points, while the broader Topix index jumped 1.18% to 2055.56 points. Heavy losses led the shipping sector to fall 6.25%, becoming the worst-performing among the Tokyo Stock Exchange’s 33 sub-sectors. Brent crude contracts, the international …

Japanese stocks ended trading higher Thursday, November 4, tracking the impact of a rally in Wall Street after the US Federal Reserve revealed plans to taper, but the decline in shares of the Kawasaki Kisen shipping company, despite recording a record quarterly profit, limited the gains. The Nikkei index rose …

Mixed trading dominated the pound’s movements against its Japanese counterpart, in a bullish direction, after finding a good support floor near the 155.00 level. On the technical side, we noticed that the stochastic indicator reached overbought areas and gradually lost the bullish momentum. We find the 50-day moving average as …

The Canadian dollar continued moving within the bullish correction path we mentioned in the previous analysis, touching the first correction target at 1.2455, recording the highest level at 1.2457. Today’s technical aspect indicates the possibility of continuing the rise, relying on the positive motive of the 50-day moving average that …

Oil, Crude, trading

Oil, Crude, trading

Gold prices declined significantly during the last session, touching the official stations targeted during the previous analysis at 1768 and then 1757, recording the lowest price of 1757. The technical picture indicates the possibility of continuing the decline, based on the price stability below the 50-day moving average, which still …