Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …
Read More »The Euro Continues to Advance
The euro continues to advance against the US dollar within the expected bullish path mentioned in the previous analysis within a gradual rise towards the upside approaching the required target of 1.2060, reaching a high of 1.2050. Technically speaking today, we find that the current transactions setteled above the psychological …
Read More »Spain’s Health Ministry: Considering Delaying Second Dose of Moderna, Pfizer Shots
Spain’s Health Ministry announced on Monday that it is considering delaying second doses of coronavirus vaccines developed by Pfizer and Moderna, El Mundo newspaper reported on Monday, citing an official document. The proposal is under consideration for under 80-year-olds to maximize the number of people who have received at least …
Read More »Bitcoin Begins The Week With a Record Drop
Bitcoin traded at around $ 57,350 on Monday, after dropping as much as 15% on Sunday on the back of a drop in shares associated with cryptocurrency trading or bitcoin mining the previous week. The losses came after Bitcoin on Wednesday jumped over $64,000 for the first time ever due …
Read More »Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline
On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …
Read More »The Eurozone Current Account Surplus Shrank in February
The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …
Read More »Oil Falling as Demand Fears Increase Due to High Rate of Corona Cases
Oil prices fell on Monday, as the increase in coronavirus cases in India and other countries raised fears of stronger measures to contain the pandemic that would affect economic activity and demand for basic commodities such as crude. Brent crude was down 23 cents, or 0.3%, to $ 66.54 a …
Read More »European Stocks at an Unprecedented Peak Supported by The Auto Sector
European stocks rose on Monday, extending their rise to unprecedented levels, as optimism about a strong start to the business results season offsets worries about a return to the global incidence of COVID-19 cases. The pan-European STOXX 600 index rose 0.1%, the fifth consecutive session of gains, while a euro-zone …
Read More »Japan’s Exports Increased 16.1% in March YoY
Data from Japan’s Finance Ministry showed on Monday that the country’s exports jumped 16.1% in March compared to the same period a year ago, as demand for goods recovered from low levels reached last year due to the pandemic. The reading compares with an 11.6 increase that economists had forecast …
Read More »Gold Rises as Demand Increases Due to The Fall of The Dollar And Bond Yields
The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields. Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 …
Read More »