Investors have poured more money into stocks over the past five months than the market has received in the past twelve years, bank of America’s weekly flow data revealed on Friday (April 9th), as ultra-easy monetary policies and unprecedented stimulus sparked a massive shift toward equities. Bank of America said …

German exports rose in February, as they received support from increased trade with China in a new indication that factories in Europe’s largest economy are buoyant despite a sharp drop in trade with the United Kingdom after its exit from the European Union. On Friday, April 9, the Federal Statistics …

Car sales in China rose in March, posting gains for the twelfth month in a row, as the world’s largest auto market leads the sector’s recovery from the Corona pandemic. Data from the China Automobile Manufacturers Association revealed that sales reached 2.53 million cars in March, up 74.9% year-on-year. Sales …

Gold prices fell on Friday, April 9th, as strong economic data from China boosted hopes for a quick recovery, but the yellow metal is on track to rise by more than 1% per week with the dollar and US Treasury yields falling from their recent high levels. China’s factory-gate prices …

Industrial Production in Germany showed a sharp increase in February, suggesting that the recovery in the manufacturing sector may have regained momentum. The industrial output arrived at 3.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 2.4% rise expected and -3.5% …

Japanese shares closed higher on Friday (April 9th), as they received support from growing expectations that companies will post strong earnings and issue optimistic expectations as the earnings reporting season begins. The Nikkei index rose 0.2% to 29,768.06 points, while the broader TOPIX index gained 0.39% to 1,959.47 points. Stocks …

The German DAX index was able to achieve the first required target located at the price of 15,260, recording a high of 15,270. Technically, with the index price consolidating above 15,160/15,150 support, which is accompanied by the positive stimulus of the 50-day moving average. This encourages us to maintain our …

The Dow Jones Industrial Average maintains positive stability touching the first target to be achieved, at 33,445, recording its highest price of 33,471. On the technical side, the RSI indicator continues to get positive signs, and this comes in conjunction with the stochastic concentration around overbought areas. From here, intraday …

The pound retreated against the Japanese yen, a noticeable decline, nullifying the positive outlook, as we expected, touching the stop-loss order published in our analysis at 150.50, and as a reminder, we have indicated that any attempts to break the aforementioned level put the price under negative pressure targeting 149.75, …

The Canadian dollar succeeded in retesting the strong support level published during the previous analysis, located at 1.2550, maintaining the positive stability above the aforementioned level. Technically speaking, and by looking at the 240-minute chart, we find the stochastic indicator is trading around oversold areas, in addition to the emergence …