Official data revealed today that Britain’s economy shrank by 2.9% in January compared to December, a less severe pace than expected, as the country again entered into general isolation measures aimed at combating the spread of the Coronavirus. Economists polled by Reuters had expected a contraction of 4.9%. The Bank …

Gold prices plummeted today as high US revenues and the strength of the dollar imposed pressure on the yellow metal, but it is heading to record its best weekly performance in seven weeks. In spot transactions, gold lost 0.3% to $1716.86 an ounce in Asian trading. The metal fell to …

Japanese stocks rose for the fourth session in a row, as technology stocks rebounded while investor sentiment remained supported by expectations that low-interest rates and large fiscal spending will continue to support global economic growth. The benchmark Nikkei index rose 1.73% to 29,717.83 points. The broader Topix index rose 1.36% …

Positive trading dominated the movements of the German DAX index during the previous session, touching our first target at 14,580, recording its highest level at 14,593. On the technical side today, we tend to be positive, depending on the positive motive of the 50-day moving average, in addition to trading …

The Dow Jones Industrial Average managed to maintain the positive stability touching our first target to be achieved during the previous report at 32,650, recording a high of 32,640. On the technical side, we find the RSI indicator is still defending the upside, in addition to stochastic concentrating around overbought …

The pound against the Japanese yen continued to achieve gains within the bullish حشفا, as we expected, touching our required official target of 152.15, recording a high of 152.15. Technically, trading has stabilized above the support level of 151.60 and in general above 151.20 supports the positivity, in addition to …

The Canadian dollar retreated significantly during the previous session within the expected bearish trend, in which we depended on the confirmation of the break of the 1.2600 support level, heading for touching the first target of 1.2550 and approaching a few points from the second target of 1.2500, to reach …

Oil, Crude, trading

Oil, Crude, trading

Trading tilted to the negativity dominated the movements of gold during the previous session after it collided with the resistance level 1740, which forced it to trade negatively again. On the technical side today, and with a closer look at the 4-hour chart, we find the 50-day moving average is …