Negative trading dominated the price of the yellow metal during the previous trading session after it found a resistance level near 1885, which forced it to re-test the support level published during the previous analysis located at 1866, which we made clear that breaking this level is a condition of …
Read More »Euro May Witness a Temporary Recovery
The resistance levels published during the previous analysis, located at 1.2250, managed to limit the bullish bias to force the pair to retreat again, targeting a re-test of the support level represented by our first target of 1.2150, to record a low of 1.2152. Technically speaking, and by looking at …
Read More »US: Real GDP Expands by 33.4% in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.
Read More »US: Philly Fed Non-manufacturing Firm-Level Business Activity Index Improves in December
The Firm-level Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved slightly to 5.6 in December from 5.3 in November. On a negative note, the Regional Business Activity Index slumped to -26.8 from -15.9.
Read More »China Says it Will Take Action in Response to The US Visa Ban
The Chinese Foreign Ministry said on Tuesday that Beijing will impose measures on those responsible for harming the Chinese side, in response to the ban imposed by the United States on granting Chinese officials additional entry visas. Chinese Foreign Ministry spokesman Wang Wenbin said in a press briefing that the …
Read More »The European Union Receives 12.5 Million Doses of Pfizer/BioNTech Vaccine by The End of The Year
German company BioNTech said it and US company Pfizer will supply 12.5 million doses of their Covid-19 vaccine to the European Union by the end of the year. That’s more than half of the 20 million doses expected to be delivered to the United States by the end of the …
Read More »Germany Bans Entry to Those From Britain And South Africa Until January 6
Reuters revealed that Germany imposed a travel ban on travellers from Britain, Northern Ireland and South Africa until January 6. According to Reuters, it is prohibited for railways, buses, freight and air companies to transport passengers from these destinations to Germany. added that German citizens and residents of the country …
Read More »Currencies Overview: EUR and GBP Facing Pressure, US Dollar Continues to Rise
The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …
Read More »Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package
Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …
Read More »Record Growth For Britain’s Economy at 16% in Q3
Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …
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