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Negative trading dominated the pound’s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87. Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …

The sterling reversed the expected bullish path in the previous analysis, in which we relied on the pair’s attempts to consolidate above 1.3000, we made it clear that trading below the psychological barrier of 1.3000 will stop any attempts to rise and put the price under new negative pressure, its …

Oil, Crude, trading

The yellow metal remained negatively trading in the previous trading session within the expected bearish path, touching the bearish targets published in the previous analysis at 1885, recording a low at 1869. Technically, gold has succeeded in confirming a break of the pivotal support turned into resistance at 1901, Fibonacci …

The single currency fell significantly during the previous session, as we expected yesterday to touch the target at 1.1720, posting a low of 1.1717. Technically, looking at the 4-hour chart, we find that the SMA-50 continues to exert negative pressure on the price, while we find that the pair found …

Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

The US Dollar (USD) rose across the board on Wednesday, supported by an increased demand, amid a surge in new COVID-19 cases in many countries. The Dollar Index (DXY), which measures the USD performance against a basket of six major currencies, is up by 0.55% for the day at 93.45. …

Treasury yields in the United States stabilized on Wednesday, amid increasing concerns about the rising number of COVID-19 cases around the globe. The return on the 10-year Treasury bond increased by 0.2 basis point to 0.78%% The yield on the 30-year Treasury bond declined by 0.1 basis point to 1.57%. …

Gold prices declined on Wednesday to finish at their lowest level in about a month, as the US Dollar (USD) rose across the board amid concerns about the rising number of new COVID-19 cases. Gold futures for December delivery plunged by $32.70, or 1.7%, and closed at $1,879.20 per ounce. …