Kirill Dmitriev, head of the Russian Direct Investment Fund, told Reuters that Russia expects WHO to approve the Sputnik-V vaccine against COVID-19 within two months. The Russian fund is responsible for marketing the vaccine. Dmitriev stated that the European Medicines Agency, which is also reviewing the Russian vaccine, “has obtained …
Read More »Eurozone Retail Sales Fell More Than Expected in April
Data showed that retail sales in the euro area fell more than expected in April, affected by a decline in sales of non-food products, but it is still much higher than it was 12 months ago when most countries were subject to strict lockdown measures linked to the pandemic. The …
Read More »Gold Hits a Two-Week Low Due to The Dollar’s Rise, With US Data Awaiting…
Gold fell to its lowest level in more than two weeks Friday, June 4, weighed by a stronger dollar, while investors awaited the US non-farm payrolls data for May, as bets loomed on a possible scaling back of stimulus measures by the US Federal Reserve. And gold fell in spot …
Read More »Oil Prices Are Falling as Pessimism About The Corona Virus Continues
Oil prices fell on Friday, June 4, as optimism about a recovery in fuel demand waned, in light of concerns about the irregular delivery of Covid-19 vaccines globally. Brent crude fell 13 cents, or 0.2%, to $ 71.18 a barrel, after falling 4 cents yesterday, Thursday, after rising to its …
Read More »Japan Shares Mixed Before US Data
Japanese stocks were mixed at the close Friday, June 4, affected by growth-related stocks, while investors awaited the important US jobs report, which may increase concerns about inflation and talk of reduced purchases by the Federal Reserve. The Nikkei index closed down 0.40% to 28,941.52 points after two days of …
Read More »German DAX Retest Support
The German DAX index found a good support level around 15,460, where the current movements of the index are witnessing an upward bias targeting a retest of 15,700. On the technical side today, we find that the RSI continues to provide positive signals over the short term, accompanied by stabilizing …
Read More »Dow Jones Awaits New Orders Ahead of US Data
The Dow Jones Industrial Average declined on Wall Street yesterday, nullifying the positive outlook as we expected. We indicated during the previous analysis that activating the bullish scenario depends mainly on the stability of trading above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 …
Read More »GBP/JPY:ِ Tends to The Downside
Sideways trading in a narrow range, constrained between 155.20 and 155.80 without any significant change. On the technical side today, and with a careful look at the 60-minute chart, we are inclined to the negativity, but with caution, relying on the intraday stability below 155.80, accompanied by the clear negativity …
Read More »Canadian Dollar: Achieves Noticeable Gains Within The Bullish Corrective Slope
The Canadian dollar was able to build on the pivotal support floor located at the price of 1.2030 to return to trading within the suggested bullish corrective slope during the previous analysis, in which we relied on breaching 1.2070, touching the first target of 1.2100, heading to visit the second …
Read More »GBP/USD Touches Goals and Negativity Remains
Oil, Crude, trading
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