The technical outlook is unchanged, and the movements of gold did not change significantly during the previous trading session, as part of attempts to breach the resistance level of the psychological barrier 1800, unable to breach it so far. Technically, by looking at the 4-hour chart, we notice a conflict …

The single European currency tried to advance after the bullish bias against the dollar within the bullish corrective path, recording a high of 1.1624 and maintaining its intraday movements above the 1.1600 barrier. Technically, and by looking at the 240-minute chart, we notice clear positive crossover signs on the stochastic …

During the European trading session today, the market held a similar tone to its trajectory yesterday, as stocks are recovering modestly after the setback that occurred in the trading stages this week. European indices maintained their gains, while US futures pointed to solid gains as bond yields continued to decline, …

Manufacturing Sales in Canada increased by 0.5% on a monthly basis in August to C$60.3 billion, the data published by Statistics Canada showed on Thursday. This reading followed July’s decrease of 1.2% and came in line with the market estimates.

There were 293,000 initial claims for unemployment benefits in the US during the week ending October 9, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 329,000 (revised from 326,000) and came in better than the market expectation of …

Oil prices rose on Thursday, reversing earlier losses, as larger-than-expected drawdowns in US gasoline and distillate inventories prompted buying, and the rally was also supported by expectations that higher natural gas prices as winter approaches will shift to oil to meet heating demand. Brent crude futures rose 67 cents, or …

Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

The German Economy Ministry said in its latest report that it expects a significant increase in the gross domestic product in the third quarter of this year, thanks to growth in the service sector. “Separately, the German economic institutes cut the 2021 growth forecast to 2.4% from the 3.7% previous …

The dollar hit a 9-day low against major currencies, reversing its recent rally, while the British pound, Australian, and New Zealand dollars advanced. The dollar rose in September and since the beginning of October on expectations that the US central bank will tighten monetary policy faster than expected, but it …

Japanese shares rose at the close on Thursday, led by technology shares that followed the Nasdaq market’s gains, with Tokyo Electron, the largest source of the Nikkei’s rise. The Nikkei index rose 1.46 percent to close at 28,550.93 points, after falling for two consecutive sessions. The broader Topix index rose …