Oil, Crude, trading
Read More »Oil Needs Careful Consideration
Oil, Crude, trading
Read More »Gold Attacks Support
Trading tended to be negative during the last trading session last week, when gold prices touched the first target to be achieved, 1825, recording its lowest level at 1823. Technically, despite the return of stability above the support floor of 1823, we find negative signs still dominating the stochastic, accompanied …
Read More »The Euro is Looking For a More Powerful Trend
The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …
Read More »Weekly Recap – Dec 11
Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …
Read More »US Health Secretary: We Will Approve The Pfizer Vaccine Within Days
US Secretary of Health and Human Services Alex Azar said today, Friday, that the United States will approve the use of the Pfizer vaccine to protect against Covid-19 within days, and that the first group will be vaccinated, perhaps Monday or Tuesday. The US Food and Drugs Administration has accelerated …
Read More »Very Likely That We Will Have a No-deal Brexit
British Prime Minister, Boris Johnson crossed the wires in the last hour and said that we are always hopeful on Brexit. But from where we stand now, it is very, very likely that we will have a no-deal Brexit, Johnson added further.
Read More »Turkey’s Current Account Deficit Was More Than Expected in October at $273 Million
Turkey’s central bank said the country’s current account deficit narrowed in October to $273 million. The number is more than Reuters forecasts a deficit of $0.062 billion. In September, the current account deficit was $ 2.559 billion. In 2019, Turkey’s current account surplus was $ 1.674 billion.
Read More »A rise in Commodities Unleashes Ehe Australian Dollar, Pound Prepares Dor No-Deal Brexit
The dollar headed for a loss for the fourth week in a row as it weakened, recording its lowest levels in several years against other major currencies. The pound ended a series of gains that lasted for five weeks after the leaders of Britain and the European Union remained at …
Read More »European Stocks Declining Under Pressure of Brexit and Virus Concerns
European stocks fell today, Friday, and are heading to conclude a busy week in a state of caution due to concerns about the economic impact of the rise of the Covid-19 pandemic, and the fate of a trade agreement linked to Britain’s exit from the European Union and stalled US …
Read More »