European shares fell more than 1% on Thursday, after indications from the minutes of the Federal Reserve meeting (the US central bank) of the tendency to tighten monetary policy, which dampened the morale of investors around the world and led to turmoil in technology shares. The pan-European Stoxx 600 index …

The German Factory Orders rebounded more than expected in November, suggesting that Europe’s economic powerhouse’s recovery in the manufacturing sector seems to have regained traction. Contracts for goods’ Made in Germany’ jumped 3.7% on the month vs. 2.1% expected and -5.8% last, the latest data published by the Federal Statistics …

Gold prices fell Thursday, January 6, as US Treasury yields rose, after the minutes of the Federal Reserve’s December meeting indicated the fastest rate hike in interest rates to curb inflation. Yields on benchmark 10-year US Treasury bonds rose to the highest level since April 2021, raising the opportunity cost …

The technical outlook is unchanged, and the movements of GBP/JPY did not change significantly, maintaining the bearish path as we expected, settling below 157.50. On the technical side today, we expect a bearish bias in the coming hours, based on the stability of the intraday trading below the resistance level …

The Canadian dollar built on the pivotal support floor published during yesterday’s analysis, at 1.2670, which forced the pair to rebound to the upside to retest the psychological resistance level of 1.2800. technically, with the positive motive for the 50-day moving average, which returned to hold the price from below, …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the prices of the yellow metal during yesterday’s session within the expected positive outlook, touching the second official target station at 1827, recording the highest of 1829. On the technical side, gold prices hit a strong resistance area, which forced the price to move negatively again. With …

The single European currency witnessed attempts to rise during yesterday’s trading session, but there are still limited gains, recording the highest level at 1.1346, trying to build on the 1.1270 support level. Technically, by carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a …

A Reuters survey showed on Thursday that the increase in OPEC oil production in December was also less than the increase planned under an agreement with allies, highlighting the constraints faced by production capacity that curb supply as global demand recovers from the repercussions of the Corona pandemic. The survey …