Official figures showed that the unemployment rate in Britain unexpectedly decreased for the second month in a row to 4.9% in the period from December to February, most of which were under strict isolation measures to confront the outbreak of Covid-19. Most of the economists polled by Reuters had expected …
Read More »Dogecoin Seeing Huge Rallies
Dogecoin supporters have launched a social media campaign aimed at raising the price of the cryptocurrency to $ 1 after it reached 9 cents a week ago. The hashtag Dogecoin topped Twitter with a growing number of tweets on the topic. And the cryptocurrency rose to about 25%, pushing it …
Read More »Australia Central Bank Sees Faster Economic Recovery From Pandemic
The Reserve Bank of Australia’s minutes from its April meeting has been released. Here are the main quotes. The minutes of the latest RBA meeting emphasized that the economic recovery has further to run before the RBA will be satisfied which supports our view that the Bank will announce another extension …
Read More »China’s Imports of Saudi Crude Oil Increased 8.8% in March And a Jump in Shipments From The UAE
China’s imports of Saudi crude oil rose 8.8% in March from a year ago, driven by strong demand and with the arrival of shipments delayed due to congestion at ports. Imports from the UAE also increased again, jumping 86%. The volume of shipments from Saudi Arabia reached 7.84 million tons, …
Read More »Gold Dropping From a 7-Week Peak as US Bond Yields Recover
Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …
Read More »Oil Prices at Their Peak in More Than a Month Thanks to The Weak Dollar
Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases …
Read More »Dax Hits The Resistance
The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513. On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming …
Read More »Dow Jones May See a Temporary Decline
Negative trades dominated the Dow Jones Industrial Average on Wall Street during the previous trading session, to settle for recording its highest level around the 34,050 resistance level. On the technical side, today we find negative signs appearing on Stochastic, accompanied by negative signs coming from the RSI. From here, …
Read More »Pound Outperforming Japanese Yen
Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21. On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the …
Read More »Canadian Dollar: Looking For Extra Momentum
We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …
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