During the previous analysis, a quiet rise in gold prices within the expected bullish path, touching the first official leg of the current rally at 1830, recording its highest level at 1832. Technically, looking at the 4-hour chart, we see that the current movements are witnessing stability below the pivotal …

The resistance levels at 1.1610 constituted an obstacle for the pair to retest it successfully as we expected, and the current movements are still below it. Technically, by looking at the chart, we notice that the price stabilizes intraday below the 50-day moving average. This comes in conjunction with the …

The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while …

The year-on-year rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics. the Month-on-Monthrate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher …

The largest digital currency, Bitcoin, managed to set a new record, surpassing the October peak beyond $68,000 Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of …

US Treasury yields fell on Tuesday morning, ahead of inflation data, as the benchmark 10-year Treasury yield fell by less than a basis point to 1.488%, and the yield on 30-year Treasuries shed less than a basis point, falling to 1.8836%, Returns move inversely with prices and one basis point …

Gold prices hovered near two-month highs on Tuesday, supported by weaker dollar and US Treasury yields, as investors awaited US inflation data in an attempt to speculate on the Federal Reserve’s next move on interest rates. The price of gold did not witness little change in transactions, and it recorded …

Oil prices fell, in trading today, Tuesday, after two consecutive sessions of gains supported by the American infrastructure bill, Chinese exports, the global recovery after the pandemic, and the raising of expectations for fuel demand. Brent crude was down 10 cents at $83.33 a barrel, after rising 0.8% on Monday, …

The German ZEW headline numbers for November showed that the Economic Sentiment Index unexpectedly improved to 31.7 from 22.3 previous while beating estimates of 19.0. The Current Conditions sub-index dropped to 12.5 in November as against 21.6 recorded in the previous month and 18.0 expectations.

Germany’s exports fell for a second straight month in September, while imports nearly stagnated, the statistics office said on Tuesday, in a new sign that supply chain disruptions are undermining the recovery of Europe’s largest economy. Seasonally adjusted exports fell 0.7% during the month to 112.3 billion euros ($129.75 billion), …