The UK services sector activity contracted less-than-expected in January, the final report from IHS Markit confirmed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised higher to 39.5 in January versus 38.8 expected and a 38.8 – last month’s flash reading.

Oil prices increased, after reaching their highest levels in nearly a year in the previous session, supported by an unexpected drop in crude and gasoline inventories in the United States, which fueled hopes for a recovery in demand at a time when OPEC+ expects the market to record a deficit …

European stocks rose for the third session in a row on Wednesday, while focus remained on a day filled with earnings announcements, as positive sentiment extends from Asian markets thanks to hopes for a faster global economic recovery. Siemens’ shares rose 1.8% after the German engineering firm raised its forecast …

Japanese shares closed higher on Wednesday, while carrier stocks led the gains, as market sentiment was supported by a rally led by technology companies on Wall Street last night and expectations of strong profits for local companies. The benchmark Nikkei index rose 1% to 28,646.50 points, while the broader Topix …

Bitcoin prices jumped within the expected bullish context during the previous analysis touching our awaited target at 33,990, recording its highest price of 36,875. On the technical side today, we tend to be positive in our trading, but cautiously depending on the stability of trading above the support level of …

The pound’s current moves against the Japanese yen are witnessing a slight bearish bias after finding a strong resistance level near 143.70. On the technical side, the pair started its daily trading by pressing the support level at 143.10 under negative pressure coming from the 50-day simple moving average. We …

The Canadian dollar continues its attempts to maintain the positive stability above the support level of 1.2710 for the third session in a row. Technically speaking, we find the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a positive crossover, coinciding …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal suffered big losses during the previous trading session within the expected bearish path, confirming that the breach of 1851 increases and accelerates the strength of the bearish trend, heading towards touching our official target of 1828. On the technical side today, and by looking at the 240-minute …