The data published by the Eurostat showed on Monday that Industrial Production in the euro area contracted by 1.6% on a monthly basis in December. This reading followed November’s expansion of 2.6% and came in worse than the market expectation for a decrease of 0.6%. On a yearly basis, Industrial …

British Prime Minister Boris Johnson said on Monday that they have not yet taken a decision on the exact date of opening of schools and added that they will do everything they can to reopen schools on March 8, as reported by Reuters. “This has been an unbelievable effort to …

Despite the huge rush to invest in Bitcoin in recent times, which pushed it to record records, which reached near the levels of 50 thousand dollars, it was not able to maintain this level for a long time. Overnight, Bitcoin lost 5.6%, down to $45,000, with the start of Asian …

Data showed that the eurozone’s trade surplus with the rest of the world was larger than expected in December, adding an otherwise positive contribution to shrinking GDP. The European Union statistics office Eurostat said the unadjusted trade surplus of the 19 countries in the eurozone amounted to 29.2 billion euros …

Oil prices rose Monday, February 15th, to their highest levels in nearly 13 months, as escalating tension in the Middle East stimulated new purchases, while crude received support from hopes that an American stimulus and easing isolation measures would fuel demand for fuel. Brent crude rose $ 1.02, or 1.6%, …

The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …

Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

Industrial production in Japan decreased by 1.0% m-o-m in December 2020 compared to preliminary estimates that indicated a decrease of 1.6% and after declining by 0.5% in the previous month. This was the second consecutive decline in Japanese industrial output, as the worsening of the Corona pandemic and slowing vaccination …

Positive trading dominated the pound’s movements, ahead of the Japanese yen, to start its first weekly trading on a bullish slope, recording a high of 145.95 during early trading for the current session. On the technical side, today, with trading remaining above the previously breached resistance, which turned to the …

The Canadian dollar reversed the suggested upward correction during the previous analysis, after it hit the first goal of 1.2750, recording a high of 1.2763. Technically speaking, with the pair’s failure to breach the resistance level at 1.2750, in addition to the intraday stability below 1.2710 accompanied by the loss …