Gold fell in Monday morning trading in Asia, as the US Federal Reserve is expected to start reducing asset purchases on schedule despite the disappointing data in the latest US jobs report. Gold futures were also down 0.14% at $1,754.95 by 12:14 AM ET, with the yellow metal hitting a …
Read More »The Dollar Hits Its Highest Level Against The Yen in Nearly 3 Years
The dollar rose to its highest level in nearly three years against the yen on Monday as investors remained confident that the Federal Reserve would announce a reduction in its massive bond purchases next month. Friday’s jobs data pushed up US bond yields and subsequently lowered the yen, which is …
Read More »Saudi Aramco Asked Banks For $12-14 bln Gas Pipeline Loan – Reuters
Sources told Reuters that Saudi Aramco is currently asking banks to arrange a loan between 12 and 14 billion dollars, which it plans to provide to buyers of its gas pipelines. Reuters reported in August that companies that have been in talks for Aramco’s gas pipeline assets include Global Infrastructure …
Read More »Nikkei Rises For Third Day on Weak Yen
Japan’s Nikkei rose for a third straight session Monday, October 11, extending recovery from last week’s six-week low, as a sharp drop in the yen boosted exporters while a drop in COVID-19 infections revived hopes of reopening the economy. The index closed up 1.60% to 28,498.20 points, advancing more than …
Read More »A new drug from AstraZeneca against Corona passes the last stage of trials
AstraZeneca Inc said on Monday that its antibody-mixture drug, the first protective dose other than vaccines against Covid-19, has achieved its main goals in last-stage trials by helping reduce severe cases of Covid-19 infection or death
Read More »GBP/JPY: Continues to Achieve Our Upward Goals
GBP/JPY jumped within the expected bullish context, touching the official target station at 153.20, recording the highest level at 153.75. On the technical side today, we find the positivity continuing to dominate the stochastic, accompanied by the positive motive for the 50-day moving average, which holds the price from below. …
Read More »The Canadian Dollar Exceeds The Bearish Target
The Canadian dollar declined noticeably within the expected negative outlook last Friday, surpassing the official target station at 1.2500 to record the lowest level of 1.2450. Technically, the intraday trading stability is below the previously broken support level, which is now turned to the 1.2500 resistance level, accompanied by the …
Read More »The Pound to The Upside
Oil, Crude, trading
Read More »Oil Continues to Make Gains
Oil, Crude, trading
Read More »Gold is Facing Selling Pressure
Gold’s movements witnessed positive trading at the conclusion of the last week’s trading after it received a strong push to the upside as a result of the US dollar’s decline. We indicated during that trading above 1770 is able to thwart the bearish bias and lead gold to achieve gains …
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