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 …
Read More »Congress Approves Long-Awaited $900 Billion Covid Rescue Package
The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …
Read More »Nikkei Drops to 3-Week Low as The New Virus Strain Affects Recovery Hopes
Japanese stocks tumbled to a three-week low today, Tuesday, as investors reaped profits after record gains over the past two months, amid fears that a new strain of the rapidly spreading Coronavirus discovered in Britain would undermine the speed of the global economic recovery. The Nikkei fell 1.04%, the biggest …
Read More »Oil Falls On New Strain of Coronavirus
Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …
Read More »GBP/JPY on The Negative Side
The British pound fell against the Japanese yen yesterday, reaching a low of 136.96. On the technical side, and with the pair’s success in breaking the support level 139.10, which is now converted into a resistance level, accompanied by the continued negative pressure coming from the simple moving averages. From …
Read More »Canadian Dollar on The Positive Side
The Canadian dollar showed noticeable gains during the previous trading session, heading for the retest target to be achieved at 1.2940, to record its highest level at 1.2957. Technically speaking and with the pair’s success in surpassing the previous breached resistance level of 1.2770, which has now turned into a …
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