US Trade Representative Katherine Tai said she told European Union antitrust chief Margrethe Vestager today, Monday, that she has a “strong desire to develop a more positive and constructive business relationship” with the bloc. Tai said in a statement that she and Vestager have agreed to work together on key …
Read More »Gold Falling Below $1700 Retreating to its Lowest Levels in About 3 Weeks
Gold prices fell on Tuesday, March 30th, to their lowest level in more than two weeks, as they were pressured by the strength of the dollar and US Treasury bond yields with growing expectations for a rapid economic improvement in light of the progress of vaccination campaigns. Gold, which is …
Read More »Dismissal of The Deputy Governor of The Turkish Central Bank
Central Bank Deputy Governor Murat Çetinkaya was removed from his post, according to a presidential decree published in the Official Gazette today, Tuesday. The decree said that Mustafa Duman had been appointed as deputy governor of the central bank. The decree did not provide further details on the reason for …
Read More »Oil Falling With The Opening of The Suez Canal And Attention Turns to OPEC+ Cuts
Oil prices retreated on Tuesday, March 30th, while navigation in the Suez Canal resumed days after being halted by the stranding of a giant ship, and the focus shifted to an OPEC+ meeting this week, where an extension of supply restrictions is expected to be discussed amid new closures to …
Read More »Bitcoin Facing Temporary Negative Pressure
The current movements of Bitcoin are witnessing a bearish bias after it found a strong resistance level near 57,770, stable near its lowest level at 57,460 In our trading, we tend to be negative, depending on the emergence of negative aspects on Stochastic, in addition to the RSI stability below …
Read More »Dax Continues to Gain Ground
The German DAX index succeeded in achieving strong gains, surveying its highest level of 14,905, benefiting from building on the support floor of 14,795. On the technical side, today we are biased towards the positivity dependent on the positive motive of the 50-day moving average, in addition to the stability …
Read More »Dow Jones: Positivity Remains
Positive trading returned to dominate the movements of the Dow Jones Industrial Average on Wall Street, recording its highest level at 33,131. Technically speaking today, we indicate the possibility of continuing the rise, and with a closer look at the chart at 60-minutes chart, we find the RSI continues to …
Read More »GBP/JPY: Starts on Positive Side
Positive trading regained control of the pound’s movements against the Japanese yen after it managed in building a base on the support floor at 150.80. On the technical side today, and with trading remaining above the aforementioned level, accompanied by the positive stimulus of the 50-day moving average, in addition …
Read More »Canadian Dollar Maintains Bullish Path
The technical outlook remains unchanged, and the Canadian dollar’s movements have not witnessed a significant change, maintaining the bullish correction bias. Technically speaking, 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 motive for …
Read More »Pound Settled Below Resistance
Oil, Crude, trading
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