Positive trades continue to dominate the movements of the pound against the US dollar within the bullish path, as we expected touching the required target located at 1.3265, posting its highest level during the morning trading of the current session at 1.3280. Technically speaking, and by looking at the 240-minute …
Read More »Oil Receives Good Support
Oil, Crude, trading
Read More »Gold Struggling Negative Pressure
Positive attempts in yellow metal to reduce its recent losses within a limited upward tendency aimed at re-testing the 1890 resistance level. Technically, by looking at 60-minute chart, we find that the stability of the intraday trading below 1890 constitutes a negative pressure on the price, as we find the …
Read More »Euro Re-Test Support
The support levels published during the previous analysis, located at 1.1775, were able to limit the slight bearish tendency within the scenario of retesting the support as we expected. Technically, with the pair’s consolidating above the mentioned support, in addition to the positive stimulus from the simple moving averages that …
Read More »Could the New European Budget Face the COVID-19 Crisis?
The European Union (EU) and the European Parliament have agreed on the details of the next European budget with a total value of EUR 1.8 trillion, it was reported on Tuesday. The 2021-2027 EU budget will include a new recovery package for curbing the impact of the Coronavirus (COVID-19) crisis. …
Read More »US Treasury Yields End Mostly Higher
Treasury yields in the United States mostly increased on Tuesday. Return on the 10-year Treasury bonds rose by 1.3 basis points to 0.970%. Meanwhile, the 30-year bond yield increased by 0.9 basis point to 1.759%, its highest level since March. The two-year note yield remained nearly unchanged at 0.183%.
Read More »Wall Street Ends Tuesday Mixed
Wall Street showed a mixed performance on Tuesday, as the performance of the main indices of the New York Stock Exchange (NYSE) varied on positive news of a COVID-19 vaccine. While the Dow Jones recorded gains, the Nasdaq closed lower as investors moved away from tech stocks. The Dow Jones …
Read More »Oil Maintains Gains; Brent Closes at $43.6 a Barrel
Oil prices rose on Tuesday, for the second session in a row, supported by improved sentiment on the success of Coronavirus vaccine trials. Brent crude futures for January delivery increased by $1.21, or 2.9%, to close at $43.61 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for December …
Read More »Gold Restores Some of its Monday Losses
Gold prices rose on Tuesday, recovering some of its losses yesterday, which were the biggest in a single day in about seven years. Dropping gold prices in the first session of the week came amid high hopes for the success of the Coronavirus vaccine being developed by Pfizer and BioNTech. …
Read More »Fed’s Daly: Economy Could Slow as COVID-19 Cases Rise
President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that the United States economy could slow amid the increasing number of COVID-19 cases in the country, Reuters reported. “My modal outlook is that we will continue to expand at a gradual pace.”“When the virus is …
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