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 »Japan’s Topix Closes Lower as Corona Worries Overshadow Gains in Chip Stocks
Japan’s TOPIX reversed direction to close lower on Monday, while the Nikkei was little changed on concerns about mounting COVID-19 infections, overshadowing gains in chip-related stocks. The broader TOPIX index fell 0.22% to close at 1956.56 points, while the Nikkei index trimmed its gains to close, up 0.01% to 29,685.37 …
Read More »Bitcoin Tends to be Negative
Negative trading dominated Bitcoin’s prices within the expected bearish context, through which we aimed to re-test 62,430, recording its lowest level at 59,920. On the technical side, the pressure coming from the 50-day moving average supports the possibility of a reversal, on the other hand, signs of a positive crossover …
Read More »Dax Continues to Gain Ground
The German DAX index jumped to surpass the last official target published in the previous analysis, located at a price of 15,380, recording its highest price of 15,526. The technical side today is indicating the possibility of continuing the rise, relying on the positive motive of the 50-day moving average, …
Read More »Dow Jones Continues to Achieve Our Bullish Goals
A noticeable push for the Dow Jones Industrial Average, as we expected during the last analysis, touching the official target station located at the price of 34,140, recording the highest of 34,141. On the technical side today, we tend to be positive, depending on the price intraday above 34,000 and …
Read More »GBP/JPY: Attack Resistance
Positive trading regained control of the sterling pound’s moves against its Japanese counterpart, surpassing the target of a re-test published during the previous analysis of 150.30, recording a high of 150.62. On the technical side today, intraday trading remains above 150.00 that supports the upside, and we find the RSI …
Read More »Canadian Dollar: Mixed Signals
The Canadian dollar is trying to build a base on the support floor of the psychological barrier of 1.2500 within a temporary bullish bias after it found a solid support floor around 1.2470. Technically speaking, and with a closer look at the chart at a 60-minute chart, we find the …
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