The Dow Jones Industrial Average succeeded in achieving the expected positive outlook mentioned in the previous analysis, touching the second target to be achieved, which is located at 31,490, recording its highest level during the previous session’s trading 31,634. On the technical side today and in the short time intervals …

Negative trades highlight the moves of the pound against the Japanese yen after it successfully retested the 149.20 resistance level. Technically, we tend to be negative in our trading, relying on trading remaining below the resistance level of 148.70, accompanied by the negativity of the stochastic indicator that started losing …

Oil, Crude, trading

The Canadian dollar is continuing its positive trading within the expected bullish path after it successfully retested the support level of 1.2640. Technically speaking, we will maintain our positive outlook based on trading stability above the 50-day moving average, which is accompanied by the clear positive signs on the stochastic …

Oil, Crude, trading

We kept our intraday neutrality of the previous analysis due to the conflicting technical signals, indicating that to resume the bearish trend, we need to see a break of 1717, targeting 1700, recording its lowest level during early trading for the current session at 1707. Technically speaking today, and by …

The euro resumed its downward path against the US dollar, as we expected, touching the second target previously reported, located at 1.2020, its lowest level during Asian trading hours for the current session 1.2020. On the technical side, today the current moves are witnessing stability below the previously broken support …

Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.7% on a monthly basis in February, Destatis reported in its flash estimate on Monday. Moreover, the annual CPI rose to 1.3% from 1% and came in higher than analysts’ estimate of 1.2%. Further details of …

The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields. The dollar …

Today’s survey showed that increased demand from China, the United States and Europe pushed the growth of factory activity in Germany to the highest level in more than three years in February, improving expectations for Europe’s largest economy. The final reading of the IHS Market PMI for the manufacturing sector, …