Gold fell Thursday, December 10, after heavy selling in the previous session, with the uncertainty continuing regarding the long-running fiscal stimulus negotiations in the United States. Gold fell in the spot market 0.2% to $ 1835.40 an ounce, after falling by as much as 2.5% on Wednesday. Gold futures in …

The Confederation of British Industry (CBI) has warned that the country’s economy is unlikely to return to its pre-COVID-19 scale before the end of 2022 and that unemployment appears to rise sharply in the first half of next year. The union expected the British economy to contract by a record …

Japanese stocks closed lower Thursday, December 10, as the Brexit crisis and political squabbling over fiscal stimulus in the United States pressured investor sentiment around the world, while market heavyweight Softbank Group jumped to its highest level in more than 20 years thanks to the inclusion of Doordash. Softbank rose …

The European Central Bank faces a difficult situation as it needs to decide whether to resort to a more monetary stimulus or whether to take smaller steps to address the current risks. The euro was one of the best performing currencies, up 8% against the dollar so far while it …

The German DAX index succeeded in achieving the target required mentioned in the previous report, located at a price of 13,420, reaching its highest level at 13,453. On the technical side, we tend to be positive in our trading, relying on the index above the support floor of 13,245, which …

Positive trading dominated the movements of the Dow Jones Industrial Average after it succeeded in breaching the resistance level at 30,270, posting a high of 30,307. On the technical side, the current movements on short time intervals are witnessing a bearish tendency, as a result of the price stabilizing below …

Mixed trades tended to positively dominate the movements of the pound sterling against the Japanese yen, posting its highest level at 140.35. On the technical side, the current moves are witnessing stability below 140.00, as the stochastic indicator is still providing signs of a negative crossover. From here we will …

Limited positive attempts for the Canadian dollar are close to the goal of re-testing the resistance at 1.2850, to record its highest level during the previous session at 1.2835. Technically speaking, we find the pair trying to build a support floor around 1.2765, as we find the stochastic indicator trying …

Mixed trades dominated the movements of the pound sterling against the US dollar, cancelling the negative outlook and touching the stop-loss order published in the previous analysis at 1.3410, recording its highest level at 1.3480. On the technical side, and despite the bullish tendency, we tend to be negative. We …

Oil, Crude, trading