GBP/USD has jumped above 1.37, hitting a new 2021 high at 1.3711. Cable has surpassed its previous high of 1.3711 and trades at the highest since 2018.

The US dollar faces limited pressure in Asia today, Wednesday, while the euro is receiving some support, as investors are enthusiastic as political tension subsides in Italy, sentiment improves in Germany, and a renewed focus on spending to mitigate the repercussions of the Corona pandemic in the United States. The …

Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge. On Tuesday, …

Government data revealed today, Wednesday, that Saudi Arabia overtook Russia to maintain its position as the largest supplier of crude oil to China in 2020. China, the world’s largest oil importer, bought 542.4 million tons of crude oil in 2020, or 10.85 million barrels per day, which is an increase …

Official data revealed on Wednesday that UK inflation rose more than expected in December as transport costs such as airline tickets pushed it higher. The Office for National Statistics said the consumer price index rose 0.6% year-on-year after a 0.3% increase in November. A Reuters poll of the opinions of …

Japanese stocks gave up early trade gains on Wednesday on profit-taking as US Treasury nominee Janet Yellen’s call for big spending did not come as a surprise to investors. The Japanese Nikkei index fell 0.38% to 28,523 points, while the broader Topix index fell 0.34% to 1,849 points. Asian stocks …

Bitcoin traded negatively during the previous trading session, recording its lowest level during early trading for the current session 35,109. We tend to be negative in our trades depending on the negative pressure of the 50-day moving average in addition to trading stability below 35,400. With the confirmation of breaking …

The German DAX index was able to trade positively within the expected bullish range, touching our awaited target at 13,950, to hit a high of 13,942. Technically, with trading remaining above the support level 13,770, accompanied by the index getting a positive motive from the 50-day simple moving average. Consequently, …

The Dow Jones Industrial Average succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved yesterday, located at 30,970, to record a high of 30,980. On the technical side, with stochastic remaining close to overbought areas, in addition to the RSI indicator continuing to …

The pound’s movements against the Japanese yen witnessed a bullish tendency within the positive context, as we expected, benefiting from building on the support floor of 141.20. On the technical side today, we tend to be positive in our trading, depending on the pair’s stability above the aforementioned support, which …