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 …

The Dow Jones Industrial Average declined sharply and rapidly within the negative outlook expected during the previous analysis, surpassing the target of the second downward correction located at 30,590, to reach its lowest level at 30,504. Technically speaking, after the index found a solid resistance level around 30,860, in addition …

Negative trading continues to control the pound against its Japanese counterpart, surpassing the second official target required to be achieved at 141.30, recording its lowest level during early trading for the current session at 140.65. On the technical side today, and with a closer look at the 240-min chart, we …

The Canadian dollar started its first weekly trading with a noticeable rise within the bullish context, in which we relied on confirming the pair’s breach of the resistance level of 1.2710 to continue its gradual rise. In terms of technical analysis today, after the pair succeeded in establishing a good …

Oil, Crude, trading

Oil, Crude, trading

Gold prices started their first weekly trading with a noticeable decline after it failed to maintain trading levels above the support level of 1835, explaining that breaking the aforementioned level puts the price under negative pressure, its initial official target is around 1808, its lowest level during the Asian session …

The euro is trading negatively against the US dollar in the expected bearish context, touching the official target mentioned in the previous analysis 1.2065, to hit its lowest level during early trading for the current session 1.2065. On the technical side, the negative pressures coming from the 50-day simple moving …

Retail Sales in the US fell by 0.7% in December to $540.9 billion, the data published by the US Census Bureau showed on Friday. This reading followed November’s decline of 1.4% and came in worse than the market expectation of no-change.

Citigroup’s profits declined 7% in Q4 of 2020, but were much better than Wall Street analysts’ expectations, as the improved economic outlook allowed it to release cash that it had previously allocated for bad loans. The New York-based bank reported net profits of $4.63 billion, or $2.08 per share, down …