The Japanese Nikkei index rose after 8 consecutive sessions of losses, as signs of progress in US political negotiations over the debt ceiling provided an incentive to snap deals, but the broader Topix failed to sustain the gains. Investors have repurchased battered stocks that recently suffered losses on concerns that …

GBP/JPY failed to stabilize for a long time above the psychological barrier resistance of 152.00, to record the highest level of 152.16, whereby the current moves witnessed a bearish bias on the short time frames. Today’s technical outlook indicates the possibility of further decline due to the clear negative signs …

The Canadian dollar made positive attempts during the previous trading session, approaching the retest target at 1.2660, to post a high of 1.2648. Technically, the pair’s trading returned to stability below the psychological support level of 1.2600, with the continuation of the negative pressure coming from the 50-day moving average. …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target at 1746, to return to the bullish rebound, benefiting from the support level, close to retesting 1768, recording the highest of 1765. Today’s technical aspect indicates fluctuation within a sideways range between resistance level 1768, the 61.80% Fibonacci correction, and support level …

The single European currency continues to achieve losses against the US dollar within the negative future outlook, as we expected it to touch the first target of 1.1560, a few points from the official target station 1.1500, recording the lowest price at 1.1528. Technically, we notice some positive movements that …

Wall Street’s main indexes opened lower on Wednesday after rising oil prices fueled inflation fears, while a survey showing a strong rise in private-sector jobs last month fueled concern that monetary stimulus would be scaled back sooner than expected. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, …

Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.

The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …