Gold prices are headed for their biggest gain in more than two years after extending their gains on Friday, as signs of slowing inflation boosted hopes that the Federal Reserve may shift to easing monetary policy. Spot gold rose 0.1% to $1,756.54 an ounce by 1127 GMT, after rising more …

Official data showed the British economy contracted 0.2% in the three months to September, which is expected to be the start of a prolonged recession. Experts polled by Reuters had forecast a larger contraction of 0.5 percent of the gross domestic product in the third quarter. The Bank of England …

Investors are dumping the dollar as weaker-than-expected US consumer price data boosted hopes the Federal Reserve will ease monetary policy tightening in smaller-than-expected increases in its fight against inflation. The range of the dollar’s movements against several currencies on Thursday was significant. By 1730 GMT, the US currency was down …

European shares opened higher on Friday, as news of China’s easing of strict Covid rules boosted stocks related to primary and luxury goods, which were also supported by better-than-expected sales data and margins from Richemont. The Stoxx 600 index rose 0.4 percent by 0812 GMT, and Swiss luxury goods Richemont …

Japan’s Nikkei index ended Friday’s trading at a two-month high, boosted by a rally in Tokyo Electron and other growth-related shares, as markets tracked Wall Street after signs of lower inflation bolstered hopes the US central bank would slow the pace of interest rate hikes. The Nikkei jumped 2.98 percent …

Oil, Crude, trading

A strong bearish trend dominated the movements of the Canadian dollar due to the impact of the bearish technical structure referred to during the previous head and shoulders analysis, recording its lowest level in the last trading session at 1.3308. Technically, we tend to the negativity, relying on the clear …

Oil, Crude, trading

Negative trading returned to control the movements of US crude oil futures prices, with the increase in crude oil inventories, as indicated by the report issued by the International Energy Agency last Wednesday, recording its lowest level yesterday at $84.74 per barrel. Technically, by looking at the 4-hour chart, we …

Gold prices achieved noticeable gains during the previous trading session, taking advantage of the weakness of the US currency, which fell strongly after the US inflation data, as gold recorded its highest level at $ 1757 per ounce. Technically, we tend in our trading to the positive, relying on the …