European stocks rose on Monday, recovering from their worst weekly decline since October, backed by a rally in mining stocks after an ongoing flurry of retail interest shifted to silver. The European Stoxx600 index rose 0.8%, while mining stocks including Fresnelo, Polymetal International and Polydin led the early gains in …
Read More »Chevron Turns Into a Loss in The Last Quarter Due to Weak Refining Activities
The US oil giant Chevron turned to incur losses in the fourth quarter of $ 11 million, as lower fuel margins, the costs of acquisitions and the effects of foreign currency overshadowed the improvement in the results of exploration activities. It is expected that oil companies will benefit from the …
Read More »Oil Gains Despite Distribution of Vaccine And New Strains of Coronavirus Faltering
Oil prices rose Monday, February 1, after a weak start, to consolidate the gains it made over the past three months, despite the faltering operations of the distribution of anti-Coronavirus vaccines, new infections and the discovery of new strains casting shadows on demand expectations. Brent crude futures rose 36 cents, …
Read More »Japan shares Closed Higher on Positive Earnings Outlook
Japanese shares closed higher on Monday, February 1, after falling for two sessions, as sentiment was boosted by positive earnings outlooks and gains made by shares of chipmakers that had previously been hit. The benchmark Nikkei index rose 1.55% to 2,8091.05 points, and the broader Topix index gained 1.16% to …
Read More »Bitcoin Witnessing a Temporary Rally
Bitcoin started its weekly trading on a slight bullish slope after finding a good support floor near 33,430, which forced it to retrace the upside. On the technical side, Bitcoin continues to receive a positive stimulus from the 50 day moving average. This increases the possibility that we will witness …
Read More »German DAX Retest the Resistance
The current movements of the German DAX index are witnessing a slightly bullish bias, benefiting intraday from building on the support level of 13,350. On the technical side, the 50-day moving average is trying to push the price to the upside. Nevertheless, we tend to be negative, depending on the …
Read More »Dow Jones Settled Below Support
Negative trading dominated the movements of the Dow Jones Industrial Average, with the conclusion of last week’s trading, touching our first awaited target, located at 29,950, recording the lowest price of 29,752. Technically, we tend to be negative in our trading, relying on trading stability below the previously broken support, …
Read More »GBP/JPY: Extends Gains
The pound sterling achieved a noticeable rise against its Japanese counterpart within the expected bullish path mentioned in the previous analysis, touching the official target 143.20, to record its highest level at the beginning of the weekly trading at 143.95. On the technical side, today, we find the pair succeeded …
Read More »Canadian Dollar: Corrective Bullish Rally Intact
The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …
Read More »Sterling Pound Continues to Advance
Oil, Crude, trading
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