There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …

The EUR/GBP fell to its lowest level in nearly two months during European trade, with analysts looking to extend the decline below the key psychological level of 0.8500. The pair maintained its bid tone on Thursday and is poised to extend the slide to the 200-day SMA above mid-0.8600 and …

Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices. Gas prices in Europe fell today below the level of $1,000 per thousand cubic meters after Russian President Vladimir Putin expressed …

Russia announced 27,550 new cases of Covid-19 disease on Thursday, the highest number of daily infections recorded this year, amid an outbreak that prompted officials to urge people to receive vaccinations. The government task force concerned with combating the Coronavirus said that it recorded 924 deaths related to Covid-19 during …

European shares rose in early trade, as lower oil and gas prices eased some of the investor concern about hyperinflation. The pan-European Stoxx 600 index rose 1.1 percent in a broad-based buying wave, reversing its weekly losses, as mining, auto, and utility advanced. Oil prices fell for the second consecutive …

Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

The Japanese Nikkei index rose after 8 consecutive sessions of losses, as signs of progress in US political negotiations over the debt ceiling provided an incentive to snap deals, but the broader Topix failed to sustain the gains. Investors have repurchased battered stocks that recently suffered losses on concerns that …

GBP/JPY failed to stabilize for a long time above the psychological barrier resistance of 152.00, to record the highest level of 152.16, whereby the current moves witnessed a bearish bias on the short time frames. Today’s technical outlook indicates the possibility of further decline due to the clear negative signs …

The Canadian dollar made positive attempts during the previous trading session, approaching the retest target at 1.2660, to post a high of 1.2648. Technically, the pair’s trading returned to stability below the psychological support level of 1.2600, with the continuation of the negative pressure coming from the 50-day moving average. …

Oil, Crude, trading