Japan’s Nikkei index ended trading on Wednesday near its lowest level in three months, as mounting fears of a global recession weighed on Wall Street on Tuesday evening and a media report that Apple Inc. abandoned plans to produce more iPhone phones, dented sentiment. The Nikkei fell 1.5 percent to …

The World Bank said on Wednesday it had approved $512.2 million in financing for Turkey to boost the resilience of the housing and infrastructure sectors to climate change and natural hazards. The bank said in a statement that $338.5 million of the financing would be used to develop new affordable …

Gold prices fell on Wednesday as the dollar and US Treasury yields rose to multi-year highs after hawkish comments from Federal Reserve officials boosted expectations of a sharp interest rate hike. By 0404 GMT, spot gold fell 0.3 percent to $1,624.12 an ounce, close to the two-and-a-half year low of …

Oil, Crude, trading

Movements tended to the downside temporarily within the tendency to retest the support, as we explained yesterday, to approach the retest target at 1.3620, recording the lowest at 1.3640 to start the bullish rebound as we expected. Technically, the pair’s success in building a base on the 1.3640 support with …

Oil, Crude, trading

US crude oil futures prices temporarily reversed the expected bearish trend, in which we relied on price stability below 78.00 areas. We indicated that the attempt to cohesion and stability above 78.00 leads the price to recover temporarily, targeting 79.50, to record oil prices as high as 79.45, compensating for …

Gold’s attempts to compensate for its losses failed yesterday after it found a strong resistance level near 1642, which formed an obstacle that could limit recovery attempts, approaching by a few points from our target of 1618, recording its lowest price at 1622. Technically, there was no significant change in …

The single European currency continues to crawl negatively against the US dollar within the bearish directional movement and within the expected bearish context yesterday, touching the first target to be achieved at 0.9550, recording its lowest level during the morning trading of the current session at 0.9542. Technically, today, and …

U.S. house prices fell in July for the first time in two years, as the market underwent a “forceful deceleration” due to rising borrowing costs and a slump in consumer confidence. The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index …