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Asian stock market drops after weak Asian PMI report

Commodities market

As weak manufacturing data from China and Japan signaled a smaller demand outlook, oil prices dropped today. Brent crude futures were down 0.8%, and WTI crude slid 1.2%.

Key tickers:

Brent: 103.51 — neutral.

WTI: 97.47 — strong sell.

NG: 7.921 — strong sell.

Foreign exchange market

The …

Gold analysis

Gold continues its bullish movement, as it reached the 1770.00 resistance at the end of last week's trading, and it is trading positively today and trying to test the mentioned resistance level and breach it and confirm the bullish scenario and the target will be to reach the level of …

GBP/USD currency pair analysis

The pound against the dollar was able to breach the resistance level of 1.2175 and is trying to stabilize above it in an attempt to complete the bullish path and reach the next target at the value of 1.2260, which it approached at the end of last week's trading.

In …

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