Positive trading continues to control the movements of the Dow Jones Industrial Average on Wall Street, to find the index succeeded in building a base on the support floor of 30,050, and in general above 30,000. On the technical side, and with the RSI still defending the upside, in addition …

The British Pound retreated significantly against the Japanese Yen, to start its first weekly trading on a strong bearish slope that is stable below 138.80. On the technical side, we tend to negatively trade our trades, depending on the negative crossover signals coming from the stochastic indicator. Therefore, the bearish …

The support levels published during last week’s reports located at the price of 1.2700 were able to limit the bearish bias that continued for several sessions in a row, to find that the pair succeeded in building a base on the aforementioned level within the bullish correction scenario published during …

Oil, Crude, trading

Oil, Crude, trading

Gold opened its first weekly trading with a noticeable rise after the US Congress approved the US $900 billion stimulus package, which pushed gold prices to touch the resistance level of the psychological barrier of 1900 during the Asian session for the current session. Technically speaking, with the price consolidating …

Negative trading dominated the movements of the single European currency within the bearish corrective tendency referred to during last Friday’s report, touching the required retest target of 1.2190, to record its lowest level during early trading for the current session at 1.2178. Technically, and with a closer look at the …

A survey on Friday showed that the decline in British factory orders eased in December as more parts of the economy reopened following a second nationwide lockdown to combat the spread of the Coronavirus. The Confederation of British Industry’s measure of monthly orders books in the manufacturing sector rose to …

Russia’s central bank announced on Friday left its policy rate unchanged at 4.25% but reiterated that it will consider the necessity of further rate cuts at its upcoming meetings, as reported by Reuters.

The dollar exacerbated its losses, after a week of declining pushing it to its lowest level in two and a half years, as its decline attracted more short sellers seeking to make an easy profit. The dollar index recovered during the session and rose in recent trading 0.2% at just …