The Dow Jones Industrial Average suffered heavy losses on Wall Street, as we expected the gradual advance to the downside, reaching a low of 29,906. On the technical side, today, with the obvious negative crossover signs on Stochastic, which come in conjunction with the negative signs of the RSI on …

The British pound against the Japanese yen succeeded in touching the first target to be achieved during the previous analysis, located at 144.10. On the technical side, we are positive in our trading, depending on the price stability above 143.20, in addition to the pair continuing to get a positive …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, preserving positive stability. Technically, we find the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a positive crossover, coinciding with the positive stimulus coming from the simple moving …

Oil, Crude, trading

Oil, Crude, trading

Positive attempts have seen for yellow metal during the previous trading session, but there are still limited attempts to hit the price of the resistance level published in the previous analysis located at the price of 1871, which we clarified as the key to protecting the downside movement. Technically speaking, …

The single European currency retreated significantly within the bearish path, as we expected, touching the first expected target located at 1.2065, recording the lowest price of 1.2056. Technically speaking, today, and with a closer look at the 240-minute chart, we find the pair is stable below the broken support level …

A survey published Monday, February 1, showed that British manufacturers faced a double whammy last month due to global shipping disruptions due to the outbreak of a new wave of the Coronavirus, accompanied by new trade barriers with the European Union. Separate data from the Bank of England showed a …

The seasonally adjusted Unemployment Rate in the euro area stayed unchanged at 8.3% in December, the data published by the Eurostat showed on Monday. This reading came in line with market expectation. Further details of the publication revealed that the EU Unemployment Rate in the same period was 7.5%.

The Turkish lira rose 1.5% on Monday, to its highest level since August, while a measure of risk retreated to near its lowest level in a year, supported by a tightening monetary tone from the central bank and data indicating a further recovery in manufacturing industries. The currency has outperformed …