The Dow Jones Industrial Average jumped in Wall Street within the expected bullish path during the previous analysis, touching the official target station 32,430, to record its highest level during early trading for the current session 32,430. On the technical side, today, with stochastic around overbought areas, in addition to …
Read More »GBP/JPY: Achieving a Significant Increase
The British pound started its daily trading significantly higher against the Japanese yen, benefiting from building a base on the support level of 150.40, and it is now trading around its highest level during early trading of the current session, 151.50. On the technical side, and with the pair getting …
Read More »Canadian Dollar Maintains Bullish Path
Sideways trading that tends to be negative, continues to dominate the Canadian dollar’s moves, trapped from the bottom above the support level of 1.2600 and from the top below the resistance level of 1.2700 for several consecutive sessions. Technically speaking, we tend to be negative, relying on the stability of …
Read More »Pound Re-test Resistance
Oil, Crude, trading
Read More »Oil Establishes a Good Support Ground
Oil, Crude, trading
Read More »Gold Regains The Bullish Intraday Path
Positive trades have regained control of gold’s movements, as we expected, touching the second target of the previous report, located at 1727, and approaching a few points difference from the last target of 1737, to record its highest level during early trading for the current session 1734. Technically speaking, we …
Read More »Euro Breaks Through Resistance
We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals, indicating that the activation of long positions requires confirmation of the breach of 1.1885, in order to enhance the chances of a rally to visit 1.1920, for the pair to succeed in reaching its …
Read More »US: Annual Core CPI Edges Lower to 1.3% in February
Inflation in the US, as measured by the Consumer Price Index (CPI), arrived at 0.4% on a monthly basis in February and matched analysts’ estimate. On a yearly basis, the CPI rose to 1.7% as expected, the data published by the US Bureau of Labor Statistics showed on Wednesday.
Read More »Bank of Canada: Forecast From 5 Major Banks
The Bank of Canada (BoC) is expected to leave interest rates unchanged and market waiting for its Rate Statement due out at 15:00 GMT. here are the expectations as forecast by the economists and researchers of eight major banks. TDS “We look for the Bank of Canada to leave policy …
Read More »Italy: Producer Prices Fall to Their Lowest Since 2019
Italy’s producer prices fell 0.3% year-on-year in January 2021, after a 1.8% decline. It is the nineteenth consecutive month in which producer prices have fallen, but it is the softer one since July 2019. On a monthly basis, producer prices rose 1.4% in January, the largest number since July 2018.
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