Japan’s Nikkei index closed lower on Friday on concerns about the risks that a surge in COVID-19 cases in Tokyo posed to the prospects for a recovery in the world’s third-largest economy, but the index made weekly gains. The Nikkei index lost 0.16% to 26,763.39 points, while the broader TOPIX …

positive trading dominated the German DAX, touching goal of 13,720, to record its highest level at 13,720. On the technical side today, as the index continues to receive a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the RSI on short time frames. …

The Dow Jones Industrial Average maintained its gains, benefiting from building on the support floor mentioned in yesterday’s session, at 30,035. On the technical side, we tend to be positive in our trading, but cautiously depending on the index price being above the 30,000/29,990 support level, accompanied by the persistence …

We maintained our intraday neutrality during the previous analysis, despite our trading bias towards the negative, due to the conflicting technical signals and the high level of risks. The current moves of the pound against the Japanese yen are witnessing a bearish tendency as a result of stabilizing below the …

The pair found a solid support floor around the support level of the psychological barrier mentioned during the previous analysis at 1.2700, to start its daily trading with a slight upward slope. Technically speaking, we tend to be positive in the coming hours, relying on trading stability above 1.2700 in …

Oil, Crude, trading

Oil, Crude, trading

Gold trading witnessed positive movements during the previous trading session within the bullish path, as we expected, surpassing the target required to be achieved at 1882/1883, recording the highest of 1896. Technically speaking, the pair is based above the previously breached resistance-into-support at 1875/1773 and this considered as a positive …

The single European currency managed to keep its gains against the US dollar, touching our goal as we expected at 1.2270, recording its highest level during today’s morning trading session, 1.2272. On the technical side, and by looking at the 60-minute chart, we find that there are negative crossover signals …

There were 885,000 initial claims for unemployment benefits in the US during the week ending December 12th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 862,000 and missed the market expectation of 800,000 by a wide margin.