The British pound jumped against the US dollar to post strong gains within a bullish path that we expected in the previous analysis, touching our awaited target of 1.3000, reaching the highest level at 1.3000. Technically, the SMA 50 favors a bullish bias as the pair continues to receive positive …
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US crude oil futures witnessed positive trading within the expected bullish path in short intervals, with touching the target of 38.70 to continue posting gains to 39.60. Technically, the stochastic is still providing negative signals, in addition to the movement within the descending price channel shown on the chart. There …
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The precious metal was able to achieve intraday gains during the previous session, to nullify the negative outlook, as we expected in the previous analysis, and touch the stop-loss at 1910, posting its highest price at 1918. Technically speaking, and by looking at the 4-hour chart, it appears that the …
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The single currency managed to achieve the positive outlook that we expected in the previous analysis, by touching the first target 1.1770s, to hit the highest level at 1.1797. Technically speaking, with the pair being able to build on the previously broken resistance level that turned into support of 1.1720, …
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The German and Irish governments are reportedly trying to avoid a new lockdown, as part of preventive measures against the Coronavirus (COVID-19) pandemic, according to Reuters. As businesses could be hit hard, the move seems to be falling out of favor in Berlin and Dublin. “There must not be a …
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The New York Stock Exchange (NYSE) closed Monday higher, opening the week with a positive performance supported by positive news about the health of US President Donald Trump, who is reportedly preparing to return to the White House. In addition, Wall Street remains in anticipation for a new stimulus package …
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The Canadian Dollar (CAD) rose to its highest level in about two weeks against the US Dollar (USD), supported by a surge in oil prices of more than 5%. Gains by the CAD are amplified by the USD general weakness across the board, amid an improvement in risk appetite. The …
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Oil prices surged on Monday, recovering most of its losses last week, supported by an improved risk appetite after positive news about the health of US President Donald Trump. Brent crude futures for December delivery closed higher by $2.02, or 5.1%, at $41.29 per barrel, after four consecutive daily declines. …
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Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board. Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal. …
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An improved risk appetite seems to have left its toll on the US Dollar (USD), which opening the week with decline across the board. Investors’ risk appetite improved after positive news about the health of the US president, as well as renewed hopes for a second stimulus package to be …
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