Gold settled near its lowest level in four months on Friday, as investors awaited important US inflation data later on Friday, after a group of strong data and statements in favor of monetary tightening from Federal Reserve officials increased bets on raising interest again. And gold settled in the spot …

German inflation rose more-than-expected in June, snapping an extended decline since the start of the year. Preliminary data from the Federal Statistics Office on Thursday showed consumer prices, which are harmonized to make it easier to compare them with other countries in the European Union, rose 6.8 percent year-on-year in …

Japan and South Korea agreed on Thursday to revive a $10 billion currency swap pact, building on an improvement in two-way ties to bolster a regional financial safety net amid heightened geopolitical risks. The swap agreement was first agreed in 2001 as a tool to help the two countries combat …

The dollar hovered near its highest level in seven months against the yen, after the statements of the heads of the US and Japanese central banks confirmed the significant difference in the path of monetary policy for each of them, during a conference hosted by the European Central Bank last …

European stocks rose on Thursday, supported by the rise of the Swedish clothing stock, H&M, after the company achieved stronger-than-expected profits, but statements related to tightening monetary policy from a number of senior central bank officials curbed risk appetite. And by 0704 GMT, the European Stoxx 600 index rose 0.1 …

Oil, Crude, trading

A bullish retracement dominated the Canadian dollar’s movements, building on a solid support floor near 1.3110, to start today’s trading session on an upward slope, and the intraday movements settled around its highest level at 1.3270. Technically, and by looking at the 4-hour chart, we find that the 14-day momentum …

Oil, Crude, trading

A noticeable bullish rebound in the prices of US crude oil futures contracts, after it succeeded in touching the bearish target required to be achieved during the previous report at 67.70, to witness the current movements seeing an upward trend, as oil prices hover around the psychological barrier of $69.00. …

Gold prices suffered heavy losses, as we expected during the previous technical report, touching the official target station at 1913, explaining that breaking it constitutes a negative pressure factor, so that the door is open towards 1887, recording its lowest level during the morning trading of today’s session, $1902 per …