Al Naji Iqbal, Governor of the Turkish Central Bank, said that Turkey’s economic growth recorded a strong trend at the end of 2020, but it slowed according to recent indicators, partly due to the tightening of monetary policy that began in August and the slowdown in credit growth. In the …
Read More »China Likely to Avoid Setting 2021 GDP Target
China is reportedly said to abandon its GDP growth target for 2021, Reuters reports, citing sources familiar with the matter. A government adviser, one of three sources saying the target will again be scrapped, noted: “We will not set an explicit target, but in reality, there will be a target. …
Read More »European Stocks Hitting a Low of Almost a Month
European stocks reached their lowest level in nearly a month after the worst-selling wave in Wall Street since October due to concerns about rising valuations, while investors grew concerned about an increase in infections with a new, more contagious strain of the Coronavirus. The European STOXX 600 index fell 1%, …
Read More »Gold is Falling as The Safe-Haven Appeal Shifts to The Dollar
Gold prices fell on Thursday as investors turned to the dollar in search of safety after the decline in global stock markets, while the Federal Reserve (US Central Bank) raised concerns about the pace of the economic recovery in the United States. Gold fell in immediate transactions 0.5% to $ …
Read More »Oil Falling on Demand Concerns and US Dollar Strengthened
Oil prices fell in morning trading in Asia despite a significant drop in US crude stocks, at a time when prices were under pressure due to the strengthening of the US dollar and new concerns about fuel demand due to travel restrictions and delays in the distribution of anti-Corona virus …
Read More »Apple’s Q1 Revenue Exceeds $ 100 Billion For The First time
On the other hand, Apple stock fell 2% in extended trading after the close. Apple’s results for the December quarter were not only driven by iPhone 5G sales, but sales for each product category increased by more than twice. In detail, earnings per share and sales of Apple easily exceeded …
Read More »Japan Shares Post The Biggest Drop in 6 Months
Japanese stocks suffered their biggest drop in six months today, Thursday, to track down on Wall Street, as they were pressured by technology companies that took advantage of the recent rise in shares. The benchmark Nikkei index fell 1.53% to 28,197.42 points, its biggest daily drop since July 31, while …
Read More »Bitcoin Trying to Clear Negativity
Negative trading dominated Bitcoin within the expected bearish path during the previous report touching the required target located at the price of 31,130. The daily trend is still a bearish trend, but on short time frames, we notice attempts by Stochastic to erase the negativity temporarily. We may witness a …
Read More »German DAX Based on Support
The German DAX index suffered heavy losses during the previous session, after confirming the breach of the strong support level at 13,800. On the technical side, the negative pressure coming from the 50-day moving average is accompanied by the stability of the RSI indicator below the middle line. This increases …
Read More »Dow Jones Struggling to Stop The Decline
The Dow Jones Industrial Average declined significantly during the previous trading session, to cancel the positive outlook and touching the stop-loss order. We indicated that trading below 30,615 is able to completely negate the Bullish Scenario and we may witness a strong bearish tendency, with an initial target around 30,470, …
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