The British pound retreated against the US dollar during the previous session within the expected bearish path, touching the second official target required at 1.3325, recording a low of 1.3225. On the technical side today, the price has stabilized below the previously breached support level, which is now converted into …
Read More »Oil Tends to The Downside
Oil, Crude, trading
Read More »Gold Hovering Around Critical Levels
Gold prices achieved a remarkable rise during the previous trading session after finding a solid support floor near 1828. It is noticed that we indicated in the last analysis that stability above 1848 leads gold to complete the bullish correction with the aim of retesting the previously broken support-into-resistance 1857/1860 …
Read More »Euro: Negative Pressure Remains
Negative trading dominated the moves of the euro against the US dollar yesterday within retesting the support published in the previous analysis, touching the first required target at 1.2100 and approaching a few points difference at the second target 1.2065, to record its lowest level during the previous session 1.2077. …
Read More »US Dollar Near Its Lowest Level Since 2018
The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …
Read More »UK PM Johnson’s spokesman: There Will be No Negotiations in 2021
British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …
Read More »EU’s Barnier: Negotiations to Continue Until Wednesday But no Further
The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.
Read More »Hopes For a Vaccine Raise Investor Sentiment
A survey reported that investor sentiment in the Eurozone rose more than expected in December, reaching its highest level since February, supporting expectations for an economic recovery thanks to the near availability of vaccines. Sentex Eurozone index rose to -2.7 from -10.0 in November. A Reuters poll had forecast a …
Read More »UK: The Largest Annual Increase in UK Home Prices Since 2016
The monthly figures from Halifax Mortgage Lender showed UK home prices last month recorded their biggest annual increase since June 2016. Halifax said house prices increased 1.2% in November, and have risen 6.5% over the last five months, the largest increase since 2004.
Read More »US Dollar Index Continues Moving Towards Its Two And a Half Year Low
The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …
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