There were 353,000 initial claims for unemployment benefits in the United States during the week ending August 21, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 349,000 and came in slightly worse than the market expectation of 350,000.

US Treasury yields were mixed on Thursday, ahead of the Federal Reserve’s Jackson Hole symposium, in addition to the release of economic data, the yield on the benchmark 10-year Treasury bond rose less than a basis point to 1.347%, and the yield on the 30-year Treasury fell less than a …

The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …

Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to …

European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …

Japan’s Nikkei index rose in choppy trading, supported by transport stocks and Wall Street moves overnight, but gains were limited as market participants refrained from making big bets ahead of the US Federal Reserve’s Jackson Hole seminar this week. The Nikkei index rose 0.06% to close at 27742.29 points, after …

Negative trading dominated the movements of the German DAX index after it found a strong resistance around 15,930 to witness the current movement’s pressure on the 15,830 support level. On the technical side, the 50-day moving average pressures the price from the top, accompanied by the stability of the RSI …

Oil, Crude, trading

Mixed trades dominated the movements of the pound sterling against the Japanese yen, nullifying the negative outlook in which we relied on the price stability below the resistance level of the psychological barrier 151.00; as a reminder, we indicated during the previous analysis that the pair’s attempts to breach the …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the positive stability above the support level published in the previous analysis at 1.2580. Technically speaking, and by looking at the 60-minute chart, we find that the RSI started sending positive signals, accompanied by the pair’s …