The dollar suffered losses on Wednesday, November 25, due to progress in developing a vaccine for the Coronavirus and expectations of financial support from the new US government that led to the transfer of funds from the dollar to high-risk assets. The US currency recorded its lowest level in two …
Read More »Gold Declining as WH Begins Transition Process
Gold fell on Wednesday, November 25, with the start of the official transition process for Joe Biden to the White House and optimism about vaccines for the Coronavirus, which reduces the appeal of gold as a safe haven. Gold spot fell 0.1% to 1805 dollars an ounce by 06:48 GMT. …
Read More »European Stocks Rise in Support of Easing And Vaccine Hopes
European stocks held near their nine-month highs on Wednesday, November 25, as sentiment remained high, supported by an easing of restrictions linked to the Coronavirus in the region and growing hopes that a vaccine would soon be ready. The European Stoxx600 index rose 0.3%, as banking services stocks rose 1.6% …
Read More »Oil Rising on Increasing Optimism About Vaccine
Oil rose for the fourth session in a row on Wednesday, November 25, as the market ignored a report by the sector that showed that US crude stocks rose more than expected, continuing this rise supported by hopes that a vaccine for Covid-19 would support oil demand. By 0616 GMT, …
Read More »Dax Consolidates Gains
Positive trading dominated the movements of the German DAX index, touching the first target to be achieved during the last analysis at 13310, recording its highest level of 13327. On the technical side, we will maintain our positive outlook, relying on trading stability above the previously breached resistance level converted …
Read More »Dow Jones Reaches Historic Highs
The Dow Jones Industrial Average jumped on Wall Street to achieve historical gains, as we expected, touching the official target 30,000 and approaching a few points difference from the second target 30200, to record its highest level at 30162. On the technical side, and with a closer look at the …
Read More »GBP/JPY: Temporary Negative
The pound touched against its Japanese counterpart, the first target to be achieved during the previous report, located at 139.80, to hit its highest level at 138.84. On the technical side, the current moves are witnessing a bearish bias, as a result of stochastic losing bullish momentum, in addition to …
Read More »Canadian Dollar: Negative Pressure Still Intact
The pivotal resistance levels published during the previous analysis, located at 1.3110, managed to limit the bullish tendency and forced the pair to retreat again to touch the target published in the previous analysis, 1.3040, posting a low of 1.3043. Technically, we tend to be negative in our trading, relying …
Read More »GBP Needs Extra Momentum
Positive trades dominated the movements of the pound against the US dollar, approaching a few points difference from our published target during the previous analysis, located at 1.3390, to record its highest level at 1.3380. Technically, the pair found it difficult to continue rising as a result of approaching the …
Read More »Crude Oil At Highest Level in Several Months
Oil, Crude, trading
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