Official data revealed that inflation in Britain slowed more than expected in November, which may reflect the Black Friday discounts, with the price of clothes and shoes falling at the highest rate in ten years. The Office for National Statistics said consumer prices rose 0.3% year-on-year after rising 0.7% in …
Read More »Eurozone Flash Manufacturing PMI Comes in at 55.5 For December
The Eurozone flash Manufacturing PMI arrived at 55.5 in December compared to 53 expected, while the Eurozone Services Purchasing Managers’ Index reached 47.3 in December, compared to 41.9 expected.
Read More »API: Crude Stocks And a Sharp Increase in Distillates Last Week
The American Petroleum Institute data said Tuesday that inventories of crude oil, gasoline and distillates in the United States increased at the fastest pace in the latest week. Crude inventories rose by 2 million barrels in the week ending on December 11, to about 495 million, compared with analysts’ expectations …
Read More »Gold Reaches Its Highest Level in a Week Due to Bets on US Stimulus And Anticipation of The Fed’s Decision
Gold prices rose on Wednesday, December 16th, to their highest level in a week, as the yellow metal was based on a rise in the previous session thanks to hopes for more US stimulus, while investors awaited the US Federal Reserve’s policy decision. Spot gold rose 0.1% to $1854.51 an …
Read More »Germany’s DAX Maintains Its Gains
Positive trading dominated the German DAX index, surpassing the required target at 13380, posting a high at 13427. On the technical side, the price has stabilized above 13,265, accompanied by positive signs of the RSI. It encourages us to maintain our positive outlook, provided that the breach of 13,430 is …
Read More »Dow Jones Settled Above Support
slight Positive Trades dominated the Dow Jones Industrial Average after it managed to build on the support level of 30,000, approaching the required target of 30,260, recording the highest of 30,240. On the technical side, the RSI indicator is still defending the upside, and this comes in conjunction with the …
Read More »GBP/JPY Looking For Additional Momentum
The resistance levels published in the previous analysis, represented by 139.60, were able to limit the bullish bias that the pound witnessed against the Japanese yen. On the technical side, we tend to be positive, relying on the positive motive coming from the 50-day moving average, coinciding with the RSI’s …
Read More »CAD Testing Support
The Canadian dollar opened its daily trading within the expected downside direction, trying to break the solid support floor located at 1.2700, unable to break it yet. Technically speaking, and despite the current negative trades, we will expand the risk appetite, and prefer long positions from the current price, depending …
Read More »Pound Breaks Through Resistance
Oil, Crude, trading
Read More »Crude Keeps The Upward Bias
Oil, Crude, trading
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