The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, excepting the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous. YoY, the UK retail sales dropped by 3.7% in February versus …
Read More »Japan Stocks Closing Higher on a Jump in The Cycle-Related Sectors
Japanese stocks closed higher on Friday, while SoftBank led the gains on the Nikkei index, as investors snapped up decliners after falling sharply this week. The Nikkei index rose 1.56% to close at 29,176.70 points, while the broader Topix index advanced 1.46% to 1,984.16 points. For the week, the Nikkei …
Read More »Kepler: 7 LNG Carriers Diverted After Suspension of Navigation in The Suez Canal
Seven LNG carriers have diverted their route away from the Suez Canal after shipping was suspended in it due to the stranding of a giant container ship since Tuesday, according to Kepler, a data analysis company. Kepler analyst Rebecca Shea said that three of the tankers are being diverted towards …
Read More »Bitcoin Tends to be Negative
The current moves of Bitcoin are witnessing a slight bullish tendency after it succeeded in benefiting from the support level of 52,200 to see Bitcoin stabilizing near the highest level during the session at 52,800. On the technical side, the 50-day moving average is still a hindrance in front of …
Read More »Dax Finds Support Floor
The German DAX index returned to trading positively again, after finding a strong support level near our third target mentioned in the previous analysis 14,410, to start the bullish rebound again. Technically, the index is based above 14,600, supported by the stochastic indicator. This increases the probability of continuing the …
Read More »Dow Jones Takes Advantage of Support
The Dow Jones Industrial Average touched the official target station mentioned in the previous analysis, located at a price of 32,020, to record a low of 31,950. Technically, the index found a solid support floor around the aforementioned level, to once again return to the upside rebound, stabilizing around 32,600. …
Read More »GBP/JPY: Retest Resistance
GBP/JPY found a good support level around the first target published during the previous analysis at 148.65, which forced it to retest the 150.00 resistance level. On the technical side, and despite the bullish intraday tendency, we tend to be negative depending on the clear negativity features on the stochastic …
Read More »Canadian Dollar Maintains Bullish Corrective Bias
The Canadian dollar’s efforts continue to maintain the bullish correction bias after it succeeded in building a base on the support floor of 1.2500. Technically, we are continuing to suggest the bullish trend, relying on the intraday trading stability above 1.2540 the previously breached resistance in addition to the positive …
Read More »Pound Re-test Resistance
Oil, Crude, trading
Read More »Oil: Negative Pressure is in Place
Oil, Crude, trading
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