Eurozone retail sales, an indicator of consumer demand, posted much weaker-than-expected figures in July, mainly due to a sharp drop in the number of goods purchased online. The European Union statistics office Eurostat said on Friday that retail sales in the 19 countries dealing with the single currency fell 2.3 …

Business activities in the eurozone remained strong last month despite concerns about the delta strain of the coronavirus and widespread problems in supply chains, according to a survey indicating that the bloc’s economy could return to pre-Covid-19 levels by the end of the year. The final reading of the IHS …

Gold prices rose on Friday, supported by a weak dollar, as investors awaited US jobs data to learn about the Federal Reserve’s plans to start reducing asset purchases. Gold rose in spot transactions 0.2% to $ 1812.97 an ounce by 0641 GMT, and it fell 0.2% for the week. US …

European shares fell on Friday, ahead of US employment data that could affect the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth took a toll on sentiment. The pan-European Stoxx 600 index fell 0.2% but was on track for limited weekly gains. Banks and financial services stocks, …

Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections. The Nikkei index rose 2.04% to 29,128.11 points, …

Due to the conflicting technical signals, we remained neutral during the previous session to witness the current movements of the German DAX index with an upward bias. On the technical side, trading today settled above the support level 15,760/15,750, accompanied by the index getting an incentive from the 50-day moving …

Oil, Crude, trading

The bullish trend dominated the movements of the pound sterling against the Japanese yen within the positive outlook as we expected, touching the first target 151.80 and approaching by a few points from the second target 152.40, only to record the highest level of 152.30. Technically, the current moves are …

The Canadian dollar failed to maintain trading above the strong support level published in the previous report at 1.2580; we made it clear that breaking the mentioned level extends the pair’s losses and puts the price under negative pressure to touch the first descending target of 1.2550, recording the lowest …

Oil, Crude, trading