Former Vice-President Joe Biden has won Arizona. He is leading against President Donald Trump by a large margin in the southwestern state. Joe Biden is losing ground in battleground Florida, which is now called for President Donald Trump. In Arizona’s Senate race, Democrat Mark Kelly won against Republican incumbent Marhta …
Read More »Dow Jones in Green as Markets Await Elections Results
Positive trading dominated the Dow Jones Industrial Average on Wall Street yesterday amid the US presidential election, to reach a peak of 27,670. Technically, the stability of intraday trading and the index’s success in building a base on the psychological barrier of 27000 is a positive factor. This coincides with …
Read More »Oil Climbs Amid High Risk
Oil, Crude, trading
Read More »Gold Continues to Struggle, All Eyes on The Election Results
Gold moves witnessed positive attempts within an irregular path, in light of the increasing uncertainty about the US election results, to record a high of 1916 and a low of 1882. Technically, prices were unable to stabilize above the resistance level of 1901, Fibonacci retracement of 61.80%, and we see …
Read More »Euro Fails to Break Resistance
Random positive trading dominated the euro’s movements against the US dollar in light of the US election results, with the euro reaching a peak at 1.1770 and a low around 1.1600. Technically, looking at 240-minutes chart, we find that the pair has returned to consolidate again below the pivotal resistance …
Read More »NYSE Finishes Elections Day on Higher Note
The New York Stock Exchange (NYSE) closed Tuesday higher on hopes for a new stimulus package following today’s elections. The Dow Jones Industrial Average added 514.92 points, or 1.9%, to close at 27,439.97 points. The S&P 500 gained 58.11 points, or 1.8%, and finished at 3,368.35 points. The Nasdaq Composite …
Read More »Oil Settles at Highest Level in a Week
Oil prices rose on Tuesday to their highest level in a week on election day, on the hopes for a new stimulus package following the US elections and commitment from the OPEC+ to maintain output curbs. Brent crude futures for January delivery gained 74 cents, or 1.9%, to close at …
Read More »Gold Settles At Highest Level in Week
Gold prices finished at their highest level in a week, as the US dollar (USD) declined on election day in the United States. Gold futures for December delivery finished higher by $17.90, or 1%, at $1,910.40 per ounce, its highest level since October 27. Meanwhile, silver futures for December delivery …
Read More »US Factory Orders Rise in September
New factory orders in the United States increased by 1.1% in September, data by the US Department of Commerce showed on Tuesday. This comes after factory orders rose by 0.6% in August.
Read More »EUR/USD Hits Fresh Five-Day High
The Euro (EUR) rose against the US Dollar (USD) to its highest level in five days during Tuesday’s trading session, as the USD is declining across the board on election day. The EUR/USD is trading higher for the day by 0.72% at 1.1725. The pair has been moving today in …
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