Gold prices stabilized on Wednesday as investors awaited the release of the minutes of the Federal Reserve’s latest monetary policy meeting, looking for clues regarding interest rates amid signs of easing inflation. And the price of gold settled in spot transactions at 1776.75 dollars an ounce at 0708 GMT, after …

Oil prices fell on Wednesday to their lowest level in six months, as fears of a global recession that would dampen demand overshadowed a report showing a decline in US crude and gasoline stocks. Brent crude futures were down 44 cents, or 0.5 percent, at $91.90 a barrel by 0815 …

Britain’s consumer price inflation jumped to 10.1 percent in July to its highest level since February 1982, official data showed on Wednesday, up from an annual rate of 9.4 percent in June, adding to pressure on households. In a Reuters poll of economists, the increase exceeded all expectations that inflation …

Japan’s Nikkei closed above 29,000 on Wednesday for the first time in more than seven months, after Wall Street’s main indexes rose overnight, driven by solid profits from US retailers. The Nikkei rose 1.23 percent to 29,222.77 points, closing at its highest level since Jan. 5. The broader Topix index …

Oil, Crude, trading

Positive movements dominated the pound sterling against the Japanese yen, building on 160.00, the psychological barrier support, rebound upwards, and reach the highest level at 162.74. Technically, we tend to be positive but cautiously, relying on the positive motive of the 50-day simple moving average and the apparent positive momentum …

Mixed trading dominated the movements of the Canadian dollar after the consumer price index data, to trade negatively again to around 1.2930 resistance for the second consecutive session, unable to penetrate it. Technically, and by looking at the 4-hour chart, we notice the stability of trading again below the 1.2870 …

Oil, Crude, trading

American crude oil achieved the first official target within the expected bearish path at the price of 86.40, recording as low as $85.75 per barrel. Technically, the daily trend is still bearish, with the continuation of the negative pressure of the simple moving averages, in addition to the price stability …

Negativity dominated the gold price movements after it failed to maintain its positive stability above the strong gold level at 1779, recording its lowest level at 1771. Technically, by looking at the 4-hour chart, we find a conflict in the technical signals. We found the simple moving averages pressing the …