As we expected, the yellow metal prices jumped during the previous trading session, touching the second official target station at 1830, recording the highest of 1830. On the technical side, Looking at the 240-minute chart, we find the positive motive coming from the simple moving averages, which increases the possibility …

Negative trades dominated the euro’s movements against the US dollar, within the expected negative outlook, in which we relied on breaking 1.1820 to record the lowest price at 1.1770. On the technical side today, and looking at the 240-minute chart, we find that the 50-day moving average is still pressing …

The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. However, the BoC decided to reduce the target of weekly net asset purchases of the government of Canada bonds to C$2 billion from C$3 billion.

The Producer Price Index (PPI) in the US for final demand rose to 7.3% on a yearly basis in June from 6.6% in May, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading beat the market expectation of 6.8% by a wide margin. On …

Manufacturing Sales in Canada contracted by 0.6% on a monthly basis in May, the data published by Statistics Canada revealed on Wednesday. This reading followed April’s decline of 2.1% and came in worse than the market expectation for an increase of 1%.

Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar Gold touches a high of 1825 as we mentioned in our morning report after it got the bullish momentum at 1797 taking advantage of falling USD. The yellow metal rose after …

Markets are looking forward to Wednesday’s decision on interest rates by Bank of Canada, and it is widely expected that the Bank of Canada will leave the interest rate unchanged (0.25%). reduce weekly asset purchases to $2 billion Here are the expectations as forecast by the economists and researchers of …

The Central Bank of the Republic of Turkey (CBRT) announced on Wednesday that it left its policy (one-week repo) rate unchanged at 19% as expected. 

Eurozone’s Industrial Production in Germany showed a bigger-than-expected drop in May, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is losing momentum yet again. The industrial output in the bloc arrived at -1.0% MoM vs. a 0.2% drop expected and 0.6% …

Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar, while the focus is now on US Federal Reserve Chairman Jerome Powell’s speech to Congress later today after the strong rise in consumer prices. And gold rose in the spot market …