Germany’s Bundesverband der Deutschen Industrie (BDI), a powerful industry association, slashes the economic growth forecasts for this year to 3% from 3.5% due to ongoing lockdown measures in Europe’s biggest economy. BDI stated that its expectation assumes that the measures imposed to curb the spread of the new Corona virus …

The dollar fell to near its lowest level in two and a half weeks against the major counterpart currencies on Monday, April 12th, as a decline in US Treasury yields pressed the currency. The British pound fell, heading towards its lowest level in two months, and continued its retreat from …

Oil prices fell on Monday, April 12 in thin trading, with the increase in the number of cases of Covid-19 in some regions of the world, which curbed prices, even as the US Central Bank indicated that the US economy may recover quickly with the acceleration of the immunization campaigns …

The GBP/USD pair gained more than 50 points and rose from two-month lows to reach new highs in the 1.3720-25 areat the start of the European session. The weaker tone surrounding the US Treasury yields limited the strong gains for the US dollar, which helped the GBP/USD pair to bounce …

The Ministry of Health said that Italy recorded 331 deaths related to the Coronavirus today, Sunday, compared to 344 the previous day, while the number of daily infections decreased to 15 thousand and 746 after it was 17,567 the previous day. Italy has recorded 114,254 deaths related to Covid-19 since …

Gold prices fell on Monday, April 12th, under pressure from rising US Treasury bond yields and the dollar, after better-than-expected US economic data increased the possibility of a rise in the rate of inflation. This fell in the spot market 0.4% to 1735.90 dollars an ounce. And gold fell in …

The German DAX index maintained positive stability, to start its weekly trading on a bullish tone, benefiting from stability above 15130. Technically, with the intraday trading remaining above the support level of 15,210, accompanied by the positive motivation of the 50-day moving average, in addition to the positive signs of …

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, surpassing the first target required to be achieved in the previous analysis, 33,615, to record a high of 33,690. Technically, Stochastic continues to be concentrated around overbought areas, coinciding with the RSI indicator continuing to defend …

The pound against the Japanese yen managed to touch the first target required to be achieved during the previous analysis, located at 149.65, to hit its lowest level at 149.60. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level …

The support levels published during the previous analysis, located at 1.2500, were able to limit the bearish tendency that the Canadian dollar witnessed, to start the bullish rebound once again, stabilizing above 1.2550. Technically speaking, and with a closer look at the chart at a 240-minute chart, we find that …