Oil fell Thursday, January 21, after data for the sector showed a sudden increase in US crude stocks, which once again fueled fears about demand driven by the Coronavirus pandemic, but hopes of stimulus in the United States curbed the decline in prices. US West Texas Intermediate crude futures fell …

President Joe Biden has signed an executive order that reverses his predecessor Trump’s decision to leave the World Health Organization (WHO) amid the global coronavirus pandemic. Trump withdrew from the specialized health agency of the United Nations at the height of the Coronavirus crisis last year. The White House said …

Gold rose Thursday, January 21, to its highest level in nearly two weeks, with the dollar retreating due to hopes for more stimulus after the new US administration headed by Joe Biden took power, although some profit-taking limited the gains of the precious metal. Spot gold rose 0.1% to $ …

European stocks extended their gains Thursday (January 21st) on hopes of a major US stimulus plan under the administration of the new president, Joe Biden, while investors looked to the European Central Bank for indications about the economic strength of the euro area. The Stoxx600 index of European shares rose …

Japanese stocks rose to a 30-year high at the close, on the path of a strong performance for Wall Street stocks yesterday, thanks to investor optimism about positive corporate earnings as well as expectations of enhanced growth due to a huge stimulus package from the new US administration. The Nikkei …

Negative trading dominated the movements of Bitcoin as we expected touching our second awaited target located at 34,870, recording its lowest level at 33,967. Intraday trading continues below the resistance level 34,590 and in general below 34,780, in addition to the negative pressure from the 50-day moving average. It increases …

The technical outlook remains unchanged, and the movements of the German DAX index did not change significantly, preserving the positive stability. Technically, with trading above the support level of 13,850, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, the bullish scenario remains valid …

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains again, touching the first official target to be achieved at 31,070, recording its highest price of 31,163 during early trading for the current session. On the technical side today, by looking at the chart, we see the …

The current moves of the pound sterling against its Japanese counterpart are witnessing a slight bearish tendency, as a result of a collision with the resistance level 142.30 represented by the second target of the previous analysis. On the technical side, we are biased to the negativity relying on the …

The Canadian dollar declined significantly within the bearish trend, as we expected, pointing out during the previous analysis that a break of 1.2680 will extend the pair’s losses, targeting 1.2620, a next official station, for the pair to record its lowest price at 1.2605. Technically, the negative aspects are still …