The European Central Bank (ECB) reportedly sees no need for drastic action to curb recent developments in the bond market, Blomberg reports, citing officials familiar with discussions. The officials said that the ECB believes that the risk to the economy is manageable via verbal interventions and QE/PEPP flexibility. “The ECB …

The UK services sector activity came less than expectations in February, the final report from IHS Markit came out this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 49.5 in February versus 49.7 expected and a 49.7 – last month’s flash reading.

The dollar, which is generally considered a safe haven, remained weak on Wednesday, March 3rd, as Treasury yields continued to decline, restoring some calm to global markets and sparking renewed demand for riskier assets. Riskier currencies, including the Australian dollar and the Norwegian kroner, held onto the two-day streak of …

Gold prices fell on Wednesday, March 3, to fall for the sixth session in seven sessions, as the yellow metal, which does not yield a return, has been under pressure due to expectations that US Treasury revenues will rise thanks to more economic stimulus. Spot gold fell 0.3% to $1732.51 …

Oil prices fell to their lowest in two weeks on the expectation that the OPEC+ group will ease restrictions on supplies during its meeting later this week as economies begin to recover from the Coronavirus pandemic. OPEC Secretary-General Muhammad Barkindo said that the outlook for oil demand looks more positive, …

Positive trades dominated Bitcoin during the previous trading session, after finding a support floor around 48,820. Technically, we find the 50-day moving average holding the price from below, coinciding with the positive signs of the RSI, on the other hand, we find the stochastic indicator trading around overbought areas. Conflicting …

The German DAX index succeeded in achieving noticeable gains within the expected bullish path in the previous analysis, touching our awaited target at 14080, reaching its highest level at 14096. Technically speaking, the index succeeding in building a base on 13945 support floor accompanied by the positive stimulus of the …

Mixed trades dominated the movements of the Dow Jones Industrial Average on Wall Street, to settle for recording a low of 31280. On the technical side, we see the index is stable below the pivotal resistance published during the previous analysis 31,635/31,640, and we find the RSI indicator continues to …

The pound’s movement against the Japanese yen witnessed a bullish bias during the last trading session, however, we are biased towards the negative side. Technically, the price has stabilized below the resistance level of 149.65, a negative factor, accompanied by the clear negative signs on Stochastic. Therefore, the bearish bias …

Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …