European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …
Read More »France: Unemployment Declined in Q4 to Pre-Pandemic Levels
The unemployment rate in France decreased to levels before the Coronavirus Pandemic in the last quarter of 2020 despite the data being affected in part by the six-week lockdown measures to confront the COVID-19 outbreak, during which job seekers were unable to register themselves unemployed, According to the National Institute …
Read More »Stimulus Hopes Lead Dow Jones to a Record Closing Level
The Dow Jones Industrial Average hit a record high today, Tuesday, supported by gains in the sectors related to the economic cycle, amid hopes of more financial stimulus to pull the US economy out of the recession sparked by the Coronavirus pandemic. But the Nasdaq index fell, affected by losses …
Read More »Oil Prices Close Near 13-Month Highs Supported by a Cold Wave in Texas
Oil prices closed on Tuesday, February 16, near their highest levels in 13 months, supported by a very cold wave in the southern United States that closed oil wells and refineries in Texas. Prices have been on an upward path for months as crude producers restrict supplies and swiftly distribute …
Read More »Gold falls as US Bond Yields Rise, And Platinum Falling From Highest Level in More Than 6 Years
Gold prices fell by as much as 1.7% on Tuesday, February 16th, to their lowest level in more than a week with the rise in US Treasury bond yields, while platinum fell in volatile trading after a rally that brought it to its highest level in six and a half …
Read More »Bitcoin Achieves Record Figures
Bitcoin has achieved record gains in a series of continuous gains over the past weeks, breaching the psychological barrier of 50,000, recording the highest price at 50,414. Technically, we tend to be positive, but cautiously depending on the positive signals of the 50-day moving average. The bullish scenario requires confirming …
Read More »German DAX: Settled Below Resistance
Negative trading has regained control of the German DAX index after achieving strong gains over several consecutive sessions, to witness the stability of the current move below the previously broken support-into-resistance 14,070. With a closer look at the 60-minute chart, we find the RSI is stable below the midline of …
Read More »Dow Jones May Have a Temporary Fall
Positive trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, approaching a few points difference at the published target 31,690, posting a high of 31,360. On the technical side, the current movements of the index are witnessing stability below the 31,550 resistance level, as …
Read More »GBP/JPY: Facing Selling Pressure
Mixed trades dominated the pound’s movements against its Japanese counterpart, but moves tended to be negative after the pair found a resistance level around 147.50. On the technical side, we tend to be negative, relying on the loss of the bullish momentum stochastic on short time frames. We aim to …
Read More »Canadian Dollar Finds Decent Support
The Canadian dollar succeeded in establishing a solid support floor around the support level published during the previous analysis at 1.2610, to return to stability above the resistance level of 1.2670. Technically speaking, and with a look at the chart, we find the 50-day moving average that supports the bullish …
Read More »