According to the latest headlines, the EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified. Citing two sources, RTE’s Europe editor, Tony Connelly tweeted that member states want to extend the deadline from the end of February to sometime …
Read More »The US Dollar at a Peak of a Month
The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …
Read More »Corona Deaths in France Exceed 70,000
The health authorities in France said Saturday, January 16 that the total Corona deaths in the country exceeded 70,000 after 196 deaths were recorded in the past 24 hours. She added that the total number of deaths reached 70,142. There were also 21,406 new infections recorded during the past 24 …
Read More »Growing CoronaVirus Cases Put an End to Oil Rally
Oil prices retreated further from the 11-month high that they touched last week, ending a rally that began at the end of October due to production cuts and strong Chinese demand, in light of questions about market direction amid the growing number of coronavirus cases. Brent crude was down 30 …
Read More »US stimulus expectations raise gold despite the rising dollar
Gold prices rose on Monday, January 18th, after hitting the lowest level in a month and a half earlier in the session, supported by the chances of approving a huge US relief package from the repercussions of the Coronavirus, which overshadowed the rise of the dollar and strengthened the metal’s …
Read More »Japanese manufacturers’ confidence stabilizes in January, and services slump
The Reuters Tankan survey showed that the confidence of Japanese manufacturers had stabilized in January, to become less pessimistic in more than a year about the repercussions of Covid-19, but service companies increased pessimism in conjunction with the start of new closures involving the majority of the country’s population. The …
Read More »Chinese Retail Sales Below Expectations
Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.
Read More »Chinese Industrial Output Grew by 7.3% in December
According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …
Read More »Bitcoin Tends to be Negative
Negative trading dominated the movements of Bitcoin within the expected bearish context, touching the second target to be achieved last Friday at 35,540, posting low at 34,784. On the technical side, we may witness more negativity as a result of the negative pressure of the 50-day moving average, which continues …
Read More »German DAX Breaks Support
The German DAX index failed to achieve the required positive outlook mentioned in the previous analysis after it failed to maintain the trading level above 13,870, and the most important 13,910. On the technical side, we tend to be negative, relying on the intraday trading below 13,870 accompanied by negativity …
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