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The yellow metal prices incurred huge losses, declining to lose $ 115, recording its lowest level at 1850. Technically, we find that the price is stable below the previously broken pivot support-into-resistance 1901, 61.80% Fib retracement, and the SMA 50 is pressing the price from the top. Therefore, we believe …

Positive trading dominated the euro’s movements against the dollar within the expected bullish path, to touch the second target to be achieved in yesterday’s session at 1.1920, posting a high at 1.1920. Technically, looking at the 60-minute chart, we find that the SMA 50 started to pressure the price from …

The New York Stock Exchange (NYSE) closed Monday mostly on big gains, after BioNTech and Pfizer announced a 90% success for their newly-developed Coronavirus vaccine. The Dow Jones Industrial Average saw its best gains since June 5 and added 834.6 points, or 2.95%, to close at 29,157.97 points. The S&P …

Oil prices rose on Monday, supported by an improved outlook for demand recovery after it was reported that a vaccine against the Coronavirus is showing success, as announced by Pfizer earlier today. Brent crude futures for January delivery surged by $2.95, or 7.5%, to settle at $42.40 per barrel. This …

Gold prices declined on Monday, opening the week with its biggest daily drop in more than seven years. Demand for safe havens decreased with news about positive trials for a new vaccine against the Coronavirus. Earlier today, Pfizer and BioNTech announced that a vaccine that they are developing is 90% …

The British Pound (GBP) declined against the US Dollar (USD) on Monday, after it was reported that a new vaccine against the Coronavirus disease (COVID-19) has proved effective in more than 90% of the tested cases. The GBP/USD pair is trading lower for the day by 0.21% at 1.3129. The …

Significant progress has been achieved in trade talks between the United Kingdom (UK) and the European Union (EU), according to the British Minister of Finance, Rishi Sunak. “Prime Minister Boris Johnson recently spoke with European Commission President Ursula von der Leyen. “The prime minister set out that, while some progress …

European stocks surged on Monday, supported by news about Pfizer and BioNTech successfully developing a vaccine against the Coronavirus disease (COVID-19), as well as the United States presidential election results. The pan-European STOXX 600 index is up by 3.9%, after rising earlier by more than 4%, achieving its best daily …

The European Union (EU) and its member countries plan to reset trade relations with the next administration in the United States, German Economy Minister Peter Altmaier said on Monday, as reported by Reuters. “We will try to get a new start in trade policy between the United States and all …

The United Kingdom expects to receive about 10 million doses of the newly-developed Pfizer and BioNTech vaccine for COVID-19 by the end of the year, Reuters reported. The spokesman of the British Prime Minister Boris Johnson announced on Monday that the deal is pending regulatory approvals. Pharmaceutical giant Pfizer has …