The British economy slowed down in May 2021 to 0.8%, compared to expectations of 1.5%. May marks the fourth consecutive month of growth in British GDP, but leaves the economy far from pre-pandemic levels by about 3.1%. Growth was slower than in April, which was revised down from 2.3% to …

European shares rose on Friday, July 9, as investors bought, after one of the worst sell-offs in the market since the beginning of the year, amid concern over the stalled global economic recovery. The pan-European STOXX 600 index rose 0.8%, as sectors hit by the drop this week saw gains, …

Oil prices varied on Friday, July 9, and are still on track to incur a weekly loss, between optimism due to the decline in US inventories, and uncertainty about global supplies due to the impasse currently afflicting OPEC +. Brent crude futures fell only three cents to $74.09 a barrel, …

Japanese stocks plunged to an almost 8-week low on Friday, July 9, on fears of a slowing economic recovery after the country declared a state of emergency to curb the outbreak of the Coronavirus, but losses were curbed by hopes that the Bank of Japan might intervene to support the …

The German DAX index incurred heavy losses in the last session, touching the stop-loss order published in the previous analysis at 15,445, recording its lowest level at 15,286. On the technical side, the index broke the support-into-resistance level of 15,540, with the negative pressure of the 50-day moving average. It …

Oil, Crude, trading

The British pound incurred strong losses against the Japanese yen, as we expected, touching the official target station 150.60. On the technical side today, the bearish trend is still the most preferred, based on the breach of the support level 152.00/152.10, which is now turned into a resistance level. Therefore, …

The Canadian dollar achieved strong gains during the previous trading session within the expected bullish context, touching the first target of 1.2565 and approaching by a few points at the official station 1.2600, to record its highest level at 1.2592. Technically, with stable intraday trading above 1.2500 and in general …

Oil, Crude, trading

Oil, Crude, trading