The British pound sterling achieved noticeable gains against its US counterpart during the previous trading session, touching our first awaited target at 139.90, recording its highest level during the last session at 140.07. On the technical side, and with a closer look at the 4-hour chart, we find negative signs …
Read More »CAD Gradually Losing Ground
The Canadian dollar was able to achieve the technique of retesting the resistance published during the previous analysis, which we made clear yesterday that we will increase the risk appetite to target 1.2775, recording the highest of 1.2790. Technically speaking, signs of negativity began to appear on Stochastic again and …
Read More »Pound Outperforms Against US Dollar
Oil, Crude, trading
Read More »Oil Flirts With $50.0
Oil, Crude, trading
Read More »Gold Hovering Around Pivotal Resistance
Mixed trades dominated gold prices, but trading tended to be positive, heading to touch the first target expected to be achieved during the previous analysis, located at the price of 1867, its highest level during the morning trading of the current session 1868. On the technical side, we find gold …
Read More »Euro Breaks Through Resistance
After several sessions in a row, we waited to confirm the breach of the resistance level at 1.2175, explaining that the breach of it is a catalyst that strengthens the chances of the upside to visit the awaited target of 1.2225, to record the euro at its highest level during …
Read More »Oil Prices Rose on Optimism About Covid-19 Vaccine And Weakness of Dollar
Oil prices rose today, Wednesday, due to the decline of the dollar and the progress in the distribution of Covid-19 vaccines, but the gains were limited due to a sudden increase in crude oil inventories in the United States and the tightening of measures to combat Coronavirus in Europe. Brent …
Read More »Eurozone Trade Surplus Widened as Exports Recovered More Than Imports
Data revealed that the Eurozone’s unadjusted trade surplus jumped year on year in October as exports performed better than imports amid the economic slowdown caused by the COVID-19 pandemic. The European Union statistics office said the commodity trade surplus in 19 countries in the Eurozone amounted to 30.0 billion euros, …
Read More »Oil Prices Dropping Due to a Sudden Increase in US Inventories
Oil prices fell on Wednesday, December 16, due to a sudden increase in crude oil inventories in the United States and due to continuing investor concerns about the decline in fuel demand in light of tightening public isolation measures in Europe to combat the virus pandemic. Brent crude futures fell …
Read More »UK Preliminary Manufacturing PMI Beats Estimates in December
The UK manufacturing and services sector activities showed mixed performance in December, the preliminary report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to a 37-month high level of 57.3 in December. The reading surpassed consensus estimates pointing to a …
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