The dollar recorded its highest level in several months during trading against most major currencies today, Friday, supported by a wave of optimism about better US economic data, the distribution of Corona virus vaccines, and higher Treasury revenues. The euro recovered slightly ahead of German business confidence data due to …

European stocks rose today, supported by gains made by commodity-related companies as investors balance concerns about rising coronavirus infections with the prospects for a stronger economic recovery in the United States. The pan-European STOXX 600 index rose 0.8%, reaching its highest level in a week. The benchmark index is on …

The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, excepting the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous. YoY, the UK retail sales dropped by 3.7% in February versus …

Japanese stocks closed higher on Friday, while SoftBank led the gains on the Nikkei index, as investors snapped up decliners after falling sharply this week. The Nikkei index rose 1.56% to close at 29,176.70 points, while the broader Topix index advanced 1.46% to 1,984.16 points. For the week, the Nikkei …

Seven LNG carriers have diverted their route away from the Suez Canal after shipping was suspended in it due to the stranding of a giant container ship since Tuesday, according to Kepler, a data analysis company. Kepler analyst Rebecca Shea said that three of the tankers are being diverted towards …

The current moves of Bitcoin are witnessing a slight bullish tendency after it succeeded in benefiting from the support level of 52,200 to see Bitcoin stabilizing near the highest level during the session at 52,800. On the technical side, the 50-day moving average is still a hindrance in front of …

The German DAX index returned to trading positively again, after finding a strong support level near our third target mentioned in the previous analysis 14,410, to start the bullish rebound again. Technically, the index is based above 14,600, supported by the stochastic indicator. This increases the probability of continuing the …

The Dow Jones Industrial Average touched the official target station mentioned in the previous analysis, located at a price of 32,020, to record a low of 31,950. Technically, the index found a solid support floor around the aforementioned level, to once again return to the upside rebound, stabilizing around 32,600. …

GBP/JPY found a good support level around the first target published during the previous analysis at 148.65, which forced it to retest the 150.00 resistance level. On the technical side, and despite the bullish intraday tendency, we tend to be negative depending on the clear negativity features on the stochastic …

The Canadian dollar’s ​​efforts continue to maintain the bullish correction bias after it succeeded in building a base on the support floor of 1.2500. Technically, we are continuing to suggest the bullish trend, relying on the intraday trading stability above 1.2540 the previously breached resistance in addition to the positive …