The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …

Japanese stocks closed at a multi-year high on Tuesday, November 24, as progress in developing an inexpensive vaccine to prevent the Coronavirus boosted hopes for a speedy economic recovery, and sentiment received additional support from the approval of a formal transfer of power to US President-elect Joe Biden. The Nikkei …

Gold continued to decline to its lowest level in four months Tuesday, November 24, as investors appealed to high-risk assets after the pharmaceutical company, AstraZeneca, ignited the race for a Coronavirus vaccine and a US federal agency approved the start of procedures for the presidential transition in the United States …

The German DAX index succeeded in achieving the second target of the previous analysis, which is located at 13290, posting a high of 13306. On the technical side, and with the index’s success in stabilizing intraday above 13080, in general above the solid support floor published during the previous analysis …

The Dow Jones Industrial Average jumped yesterday, canceling the negative outlook, as we expected it to return to its highest level at 29835. On the technical side, with the return of trading stability above the previously breached resistance level located at 29570, which was accompanied by the persistence of the …

Positive trading dominated the moves of the pound against the Japanese yen, touching the second target to be achieved yesterday at 139.40, posting a high of 139.47. On the technical side, the current movements are witnessing a slight bearish bias, as a result of intraday buying. With a closer look …

The pivotal resistance levels published during the previous analysis, located at 1.3110, managed to limit the bullish tendency and forced the pair to retreat again to touch the target published in the previous analysis, 1.3040, posting a low of 1.3043. Technically, we tend to be negative in our trading, relying …

The British Pound succeeded in achieving the positive outlook, as we expected, surpassing the second goal around 1.3380, reaching its highest level at 1.3397. On the technical side, the pair was subjected to strong negative pressure as a result of approaching the psychological barrier resistance of 1.3400, to witness the …

Oil, Crude, trading

The yellow metal suffered strong losses during the last trading session within the expected bearish path, touching the first official leg of the current downward wave referred to over several reports in a row located at 1845, to extend its losses during the morning trading of the current session 1821. …