The Dow Jones Industrial Average continued to score bullish goals, touching the first peak mentioned in the previous analysis at 31,170, to record its highest levels of 13,189. Technically, with the RSI still defending the bullish trend, in addition to stochastic remaining around overbought areas. This increases the chances of …

The pound sterling, against its Japanese counterpart, was able to touch our first desired target mentioned in the previous technical analysis, located at 145.00, to hit a high of 144.95. On the technical side, we find the pair stable above the 50-day moving average, which meets around the support level …

The Canadian dollar failed to maintain the trading level above the pivotal resistance at 1.2850, which was previously the first target of the aforementioned upward correction, as the current moves in the pair witness stability below the aforementioned level, in addition to the stability of intraday trading below 1.2790. Technically …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices suffered heavy losses during the trading week ending in the bearish path, as we expected, in which we depended on the stability of confirming the breach of 1852, recording its lowest level at 1785. On the technical side, the current moves are witnessing a bullish rebound, …

Negative trading dominated the euro’s movements against the US dollar with the conclusion of last week’s trading, touching our fourth official awaited target at 1.1885, and approaching a few points difference from the next target 1.1830, to record its lowest price at 1.1850. Technically speaking, the current movements are witnessing …

The Unemployment Rate in Canada rose to 9.4% in January from 8.8% (revised from 8.6%) in December with the Net Change in Employment declining more than 212,000 (vs -47.5K expected), the data published by Statistics Canada revealed on Friday. This reading came in worse than the market expectation of 8.9%. 

Nonfarm Payrolls (NFP) in the US increased by 49,000 in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in largely in line with the market expectation of 50,000. On a negative note, December’s reading got revised down to -227,000 from -140,000.

The Turkish lira reached its strongest level since August, Friday, February 5, and strengthened its position as the best performing currency in the world since the beginning of the year, after the central bank governor told Reuters that it was unlikely to cut interest rates for a “long period”. In …