“All but met,” is the sentence Fed Chair Jerome Powell said about the plan to taper, but the weak NFP numbers may derail the bank from its plan to taper sooner. On Tuesday, three U.S. Federal Reserve policymakers said the economy had recovered enough to begin tapering, reinforcing expectations that …

The U.S. contracts for natural gas fell during Wednesday’s trading, after rising 3% yesterday, supported by expectations that cold weather will prevail more than expectations and increased demand. There are fears of an energy crisis in Europe, as analysts have indicated that natural gas stocks are about 15% less than …

In its monthly report published on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it lowered the 2021 oil demand growth forecast to 5.82 million (bpd) from 5.96 million bpd, per Reuters. Raising expectations of non-OPEC supply growth by 100,000 barrels per day in 2022 Maintaining the …

China’s import data in September posted disappointing growth, while exports beat expectations, according to data released Wednesday by the customs agency. Imports in US dollars rose 17.6 percent last month from a year ago to $240 billion, less than 20 percent estimated by analysts polled by Reuters. Exports in US …

Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …

There were no strong moves during the Asian trading on Wednesday, while Asian stocks were still looking for direction. The Nikkei 225 index briefly rose, but quickly retreated and gave up its gains, losing 90 points, or 0.32%, to close at 28,140 on Wednesday. Investors are awaiting US inflation data …

Japanese stocks closed lower on Wednesday, October 13th, as investors awaited the U.S. consumer price data, as the Nikkei index fell 0.32%, to close at 28,140.28 points, and the broader Topix index fell 0.45% to 1973.83 points. Shipping companies’ shares fell 3.27%, while the steel industry sector index fell 1.66%, …

The German DAX index succeeded in touching the first bearish target required to be achieved during the previous report, which is located at the price of 14980, recording its lowest level at 14990. Today, we tend to continue falling, relying on the stability of trading below 15200, in addition to …

Oil, Crude, trading

GBP/JPY managed to achieve the expected positive outlook yesterday, touching the first target around 154.80, to record its highest level at 154.82. On the technical side today, the daily trend is still tilting to the upside due to the positive motive of the simple moving averages that continue to carry …