The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …
Read More »Oil Prices Rise But India’s Coronavirus Infections limit Gains
Oil prices advanced on Friday, May 14, erasing some of the sharp losses incurred in the previous session, as stock markets rose, but the gains were limited by the situation of the Coronavirus in India, the big consumer of crude and the resumption of pipeline work in the United States. …
Read More »Dollar Drops After Fed Eases US Inflationary Tension
The US dollar fell against other major currencies on Friday, May 14th as risk appetite recovered in various markets, after Fed officials this week helped ease tension over the acceleration of inflation in the United States. The dollar, which is considered a safe haven in times of market volatility, fell …
Read More »Spain: Inflation Rate at Its Highest in Two And a Half Years
Consumer prices in Spain rose 2.2% in April 2021 compared to last year, this is the largest increase since October 2018 and in line with preliminary estimates. On a monthly basis, consumer prices rose by 1.2%, the largest increase since April 2012, and matched previous estimates. The Harmonized Index of …
Read More »Gold Rises as The Dollar’s Fall Overshadows Interest Rate Concerns
Gold prices increased Friday, May 14, on the back of the dollar’s decline, but the gains were limited after data showed a rise in inflation in the United States, which fueled fears of a faster rate hike than expected. The spot price of gold rose 0.2% to $1829.61 an ounce. …
Read More »Japan Shares Post The Biggest Weekly Loss in 9 Months
Japanese stocks recorded their biggest weekly losses in 9 months, as investors were reluctant to make big bets in light of the return of the Coronavirus cases numbers to the increase and inflation concerns in the United States, despite the slight increase during the day on positive business results for …
Read More »Bitcoin May Witness a Temporary Bullish Tendency
The current movement of Bitcoin is witnessing a slight bullish tendency after it found a good support floor around 48,820, which is stable around its highest level during the current trading session at 50,080. On the technical side, today we tend to be positive but with caution, relying on stochastic …
Read More »Dow Jones Tries to Build on Support
The Dow Jones index started its daily trading with a bullish tendency, after several successive sessions of retreating to record its lowest level during the previous trading session 33,201. On the technical side, the index movements are witnessing a bullish tendency, benefiting from building a base on the support level …
Read More »The Canadian Dollar Holds on to The Bullish Corrective Bias
The Canadian dollar was able to achieve the official target of the bullish corrective tendency mentioned in the previous analysis, located at 1.2170, to hit its highest level during the last session’s trading at 1.2203. Technically, we tend to be positive, relying on the price to base itself above the …
Read More »The Pound Settled Below Resistance
Oil, Crude, trading
Read More »