World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …
Read More »Oil Recovering Thanks to Strong Economic Data and Bargain Hunting
Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …
Read More »Bitcoin Tends to be Negative
The current trading of Bitcoin is witnessing a bearish bias, after finding resistance near 58,785, where the current moves are witnessing stability below the aforementioned level. We tend to be negative in the coming hours depending on the RSI losing the bullish momentum. Confirmation of breaking 58,550 puts Bitcoin under …
Read More »German Dax Maintains Positive Side
Positive trading continues to dominate the German DAX index, recording its highest level at 15,207. On the technical side, we tend to be positive, depending on the stability of trading above sub-support 15,120, and in general above the pivotal support floor 15,070, and we find the RSI indicator continues to …
Read More »Dow Jones Maintains an Upward Path
The Dow Jones index continues to maintain its bullish path, recording its highest level during the previous trading session 33,501. Technically, the intraday trading is stable above the support level 33,270 and in general above the pivotal support floor 33,180, factors supporting the upside, as we find the stochastic indicator …
Read More »GBP/JPY Awaits Temporary Decline
Positive trading dominated the moves of the pound against the Japanese yen, to succeed in reaching its highest level at 153.40 during the early trading of the current session. On the technical side, we tend to be positive, but cautiously depending on the intraday trading stability above 152.60 in addition …
Read More »Canadian Dollar Retest Resistance
Narrow sideways trading, but tilted to the negativity, dominated the Canadian dollar’s moves against its US counterpart, to re-test the pivotal support level at 1.3500. Technically, and with a closer look at the 60-minute chart, we find the pair trying to consolidate above the aforementioned support floor and the RSI …
Read More »The Pound Facing Strong Resistance
Oil, Crude, trading
Read More »Oil Trying to Keep an Upward Path
Oil, Crude, trading
Read More »Gold Rises On US Dollar Shoulders
The yellow metal prices took advantage of the decline of the US dollar to settle above the psychological barrier of 1700, as part of positive attempts to target a re-test of 1735. On the technical side today, the stability of trading above the sub-support level 1721/1720 increases the possibility of …
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