Gold prices fell below the $1,800 level on Friday, July 1, and the precious metal is heading for its third consecutive weekly loss, as the tight monetary policies of major central banks and the rising US dollar reduced its attractiveness. And gold fell in spot transactions 0.5% to $ 1797.19 …

Japan’s Nikkei fell for a third consecutive session on Friday to close at its lowest level in nearly two weeks, tracking Wall Street’s losses overnight, as investors worried about the economic slowdown in the world’s largest economy. The Nikkei fell 1.73% to 25,935.62 points, its lowest closing level since June …

Oil, Crude, trading

Negative trading dominated the movements of the pound sterling against the Japanese yen within a strong bearish track, which recorded its lowest level during the early morning trading session at 163.35. On the technical side, the pair’s current moves are witnessing stability around the lowest level of 163.35, with pressure …

Quiet positive trading dominated the movements of the Canadian dollar within a gradual ascent to the upside, achieving the condition for the rise referred to during the previous analysis: cohesion above 1.2900 to touch the required target of 1.2930. Technically, we find the simple moving averages trying to push the …

Oil, Crude, trading

During all reports of this week, a bearish trend dominated gold prices within the expected bearish path, explaining that exit from that range depends on breaking 1820 and 1842, as activating selling positions requires breaking 1820 and targeting 1800. Technically, the simple moving averages are still pressing the price from …

Bearish movements dominated the euro against the US dollar within the expected negative outlook during the previous analysis, touching the first target of 1.0400 and approaching by a few points the second target of 1.0375, recording its lowest level at 1.0382. On the technical side, the trading witnessed a little …

There were 231,000 initial jobless claims in the week ending June 25, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 233,000 (revised from 229,000) and came in slightly higher than the market expectation of 228,000.

Russian Deputy Prime Minister Alexander Novak said on Thursday that attempts to put a ceiling on the price of Russian oil could lead to an “imbalance” in the market and push prices higher, the Russian Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday. His …