The UK manufacturing sector activity expanded in October, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.7 to 57.8 in October, beating expectations of 57.7.

The dollar rose in early European trade on Monday, extending gains from the previous session after strong inflation numbers reinforced monetary policy tightening at this week’s Federal Reserve meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 94.243, just below …

European shares hit record highs on Monday, starting November with strong momentum on the positive business results, and the best performance of eurozone markets came in early trading. The pan-European STOXX 600 index rose 0.8% by 0829 GMT, surpassing its all-time high in mid-August. Global sentiment is supported by a …

Monday’s Asian session was calm. The Nikkei index posted its biggest gain in more than 4 months, up 2.61% to 29,647 points, its highest since late September. The broader Topix index rose 2.18%, reaching its highest level in a month at 2044.72 points. Gold traded at $1,783.01 an ounce after …

Gold prices stabilized Monday, November 1 as pressure from the US dollar continued, while investors cautiously awaited the US Federal Reserve meeting after data showed another spike in inflation. The dollar settled near a more than two-week high hit on Friday, making gold less attractive to buyers of other currencies. …

Japanese stocks surged to a one-month high on Monday, November 1, boosted by expectations of government stability and more fiscal stimulus after Prime Minister Fumio Kishida’s ruling party won a majority in parliamentary elections. Kishida’s conservative Liberal Democratic Party (LDP) retained a majority in the House of Representatives in Sunday’s …

The support levels published during the previous analysis, represented by our required target of 15,480, were able to limit the bearish bias, which forced the German DAX to trade positively, benefiting from touching our awaited target. Technically, we find the 50-day moving average that supports the rise, in addition to …

Oil, Crude, trading

The pound fell against the yen noticeably during last Friday’s trading, canceling the positive outlook as we expected, retesting the psychological support level of 156.00. On the technical side, today, we are inclined to the negativity, relying on the stability of the intraday trading below the minor resistance level at …

The Canadian dollar benefited from the 1.2330 support level, which formed a good floor that helped the pair rebound to the upside to retest the 1.2410 resistance level within a positive slope that is still limited. Technically, we notice the return of the 50-day moving average still holding the price, …