It reached an unprecedented peak at $ 62,575, to continue its series of gains in 2021 and reach a new peak. The price of the largest cryptocurrencies in the world has more than doubled this year amid the growing acceptance of the traditional financial sector as an investment tool and …
Read More »Turkish Industrial Production Rose 8.8% in February, YoY
Data showed that industrial production rose 8.8% on an annual basis in February, which is in line with expectations and indicates its growth for the ninth month in a row after it was affected last year as a result of measures to contain the Coronavirus pandemic. The Turkish Statistics Institute …
Read More »Oil Rising Supported by Strong Chinese Data
Oil prices rose on Tuesday, April 13th, as data from China showed an increase in the growth of imports of the second-largest consumer of oil in the world. Brent crude futures were up 31 cents, equivalent to 0.5%, to $63.59 a barrel, while U.S. crude futures increased 28 cents, or …
Read More »Gold Settled as Market Awaits The US Inflation Data
Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …
Read More »European Stocks Close to a Record High And All Eyes on US Inflation Data
European stocks hovered just below their all-time high on Tuesday, April 13th, as strong export data from China boosted optimism about a faster global economic recovery, while investor interest shifted towards important US inflation data to be released later today. The European Stoxx600 index was up 0.1%, after hitting an …
Read More »Reuters: China’s Trade Surplus With The United States Fell to $21.37B in March
Reuters calculations based on Chinese customs data concluded that China’s trade surplus with the United States reached $ 21.37 billion in March, down from $ 23.01 billion in February. US President Joe Biden said last month that his country does not seek a confrontation with China regarding disputes over trade, …
Read More »Britain’s Economy Grew 0.4% MoM in February
Official data showed that Britain’s economy expanded 0.4% month over month in February. Economists had forecast a monthly growth of 0.6% in a Reuters poll.
Read More »Glass And Retailers Lift The Nikkei After Positive Results
Japanese stocks rose on Tuesday, April 13th, led by gains in shares of glass products companies and retail stores, after recording strong results, but fears of an increase in local Coronavirus infections hit travel-related stocks. The Nikkei index rose 0.72% to 29751.61, settling above a major support level from the …
Read More »German Dax Maintains Positive stability
The gradual rise of the German DAX index after finding a strong support floor around 15,200. Technically, with the intraday trading remaining above the 15,160 support level accompanied by the positive stimulus of the 50-day moving average, in addition to the positive signs of the RSI on short time frames. …
Read More »Dow Jones Maintains a Bullish Path
The Dow Jones index maintains positive stability, recording its highest level during the previous trading session, 33,670 benefiting from an intraday consolidation on the support floor of 33,560. Technically, we tend to be positive, relying on the RSI to continue providing positive signals on short intervals, which come as the …
Read More »