Positive trading dominated the movements of the pound against the Japanese yen, touching the second official target to be achieved at 141.00. Technically, we tend to be positive in our trades, but cautiously, relying on trading stability above the support level of 140.30 and the most important 140.00, in addition …

The technical outlook is unchanged, and the Canadian dollar’s ​​moves have not changed little, as part of the continued attempts to rise and stabilize above 1.2620. Technically, and despite the dominance of the general bearish trend over the pair’s movements, we believe that there is a possibility of an upward …

Oil, Crude, trading

Oil, Crude, trading

Negative trading is dominating the yellow metal’s movements after finding a strong resistance around 1927 which mentioned in the previous analysis, located at 23.60% Fibonacci retracement. Technically speaking, we see the intraday movements settled around the lowest level during the morning at 1906, and by looking at the chart, we …

The single European currency retreated during the previous session’s, nullifying the positive outlook, as we expected, in which we relied on trading stability above 1.2280, as a reminder that we mentioned in the previous report that any attempts to break the aforementioned support level will immediately stop the bullish tendency …

The European Central Bank said in a periodic economic bulletin that economic indicators for the eurozone indicate that the economy will contract in the last quarter of 2020. “Survey indicators point to a renewed contraction in an activity primarily affecting the services sector.” “Financial conditions in the euro area have …

Planned job cuts in the US-based employers rose to 77,030 in December from 64,797 in November, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater fiscal stimulus under President-elect Joe Biden. Currency markets were not affected much by the scenes of chaos in …

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.3% in December, missing expectations of -0.2% and -0.3% previous. The core figures came in at 0.2% in the reported month when compared to 0.2% expectations and 0.2% seen in November.