France’s manufacturing sector slipped back into contraction territory in September as both output and new orders fell sharply, according to data released Wednesday. The HCOB France Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.2 from 50.4 in August. The figure was marginally above the flash estimate …

Germany’s manufacturing sector lost momentum in September, as new orders declined despite stronger production growth, according to the latest business survey. The HCOB final Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, edged down to 49.5 from August’s 38-month high of 49.8. The reading kept the index just below …

Gold prices surged to fresh records in Asian trade on Wednesday after the U.S. government officially entered a shutdown, fueling haven demand and weighing on the dollar. Spot gold touched an all-time high of $3,875.53 an ounce, before easing slightly to $3,862.22 by 00:22 ET (04:22 GMT). Gold futures for …

Japan’s factory activity contracted at the steepest pace since March, as weak overseas demand and U.S. tariffs weighed heavily on output and orders, a private survey showed on Wednesday. The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) dropped to 48.5 in September, down from 49.7 in August and marking …

The index extended its downside move, in line with bearish expectations, touching the official target at 46,430 and recording a session low of 46,388. Technical Outlook: 50-period SMA: Continues to act as dynamic resistance, reinforcing downward pressure. RSI: Sending negative signals, reflecting a gradual weakening of momentum. Probable Scenario: Bearish …

The pair remains in an upward trend, attempting to consolidate above the 1.3900 level while maintaining a positive technical structure. Technical Outlook: RSI: Sending early positive signals, supporting short-term bullish momentum. 50-period SMA: Prices remain above it, reinforcing the upside bias. Probable Scenario: Bullish Case: As long as trading holds …

The pair is trading with a slightly positive intraday bias but remains capped below the key resistance level of 1.3480, keeping the overall pressure tilted to the downside. Technical Outlook: RSI: Showing early negative signs after entering overbought territory, hinting at potential negative divergence and weakening upside momentum. 50-period SMA: …

WTI crude oil successfully reached the downside target highlighted in the previous report at $62.20, recording a low of $62.00 per barrel. Technical Outlook: Moving Averages: Prices remain pressured from above, with dynamic resistance forming near $63.15, limiting recovery attempts. RSI: Hovering near oversold territory, the indicator is beginning to …

Gold successfully completed the corrective decline highlighted in the previous report, reaching $3,793, before resuming its upward trajectory and recording a new session high at $3,875 in early trading today. Technical Outlook: Trend: The overall bias remains bullish after the completion of the initial correction wave. 50-period SMA: Price continues …

The pair continues to trade in a narrow sideways range with a cautious upward bias. Technical Outlook: 50-day Simple Moving Average (SMA): Price remains capped below this level, reducing the probability of sustained upside movement. Relative Strength Index (RSI): Now in overbought territory, signaling weakening momentum and the potential for …