Official figures showed that UK consumer price inflation fell to 0.4% in February from 0.7% in January, reflecting unusual patterns of discounts on clothing. This came against expectations in a Reuters poll for a rise to 0.8%.
Read More »Gold Rises as US Bond Yields Drop Despite The Dollar’s Rise
Gold prices rose on Wednesday, March 24th, as US Treasury yields stabilized near their lowest level in a week, while the metal ignored the dollar’s rise in the wake of the US Federal Reserve’s assertion that the inflation rate will not get out of control. Gold rose in the spot …
Read More »The Turkish Lira Rises by More Than 1% And Compensates For Some of Its Losses
The Turkish lira rose more than 1% on Wednesday, March 24, to offset some of the losses it incurred after President Recep Tayyip Erdogan’s surprise decision at the weekend to change the central bank governor to the last opponent of tightening fiscal policy. The lira reached 7.8650 dollars against the …
Read More »Elon Musk Announces on Twitter That it is Possible to Purchase Tesla Cars Using Bitcoin
Elon Musk announced, through his Twitter account, that his company accepted Bitcoin in exchange for buying cars produced by the company, which led to a rise in Bitcoin prices by more than 3%. The CEO of Tesla added that the Bitcoin purchase will be available to customers from outside America …
Read More »German DAX Starts on Negative Side
The current movements of the German DAX index are witnessing a bearish bias, after finding a strong resistance level around 14,720. On the technical side, we are biased towards the negativity relying on the obvious negative crossover signals on Stochastic. Therefore, we target 14,530/14,520, and then 14,430 next stop. The …
Read More »Dow Jones Touching Descending Targets
The Dow Jones Industrial Average declined significantly during the previous session’s trading on Wall Street, touching the target mentioned in the prevoius analysis, located at a price of 32,300, to record its lowest level at 32,231. On the technical side, today, with the RSI indicator continuing to defend the bearish …
Read More »The British Pound Continues to Decline Against The Japanese Yen
Negative trading continues to pressure the pound against the Japanese yen within the expected bearish path after the pair failed to maintain trading above 149.80. On the technical side, we tend to be negative, with stochastic gaining bearish momentum, which is accompanied by the negative pressure from the 50-day moving …
Read More »Canadian Dollar Continues to Achieve Targets
The Canadian dollar was able to complete the bullish corrective bias seen to in the previous analysis, after it succeeded in establishing a solid support floor around 1.2500, in addition to the pair’s success in breaching 1.2550, heading for touching our awaited target of 1.2610, recording the highest of 1.2605. …
Read More »Pound Losing Power Against US Dollar
Oil, Crude, trading
Read More »Oil Continues to Suffer Losses
Oil, Crude, trading
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