The current moves in the Dow Jones Industrial Average are witnessing a slight bearish bias, as a result of a collision with the resistance level 29480, and consolidate around the low of 29225. Technically, today, we are biased negatively in our intraday trading, depending on the negative signs coming from …
Read More »GBP/JPY Looking For Extra Momentum
The pound returned to dominate the movements of the British Pound against its US counterpart, after finding solid support floor near 137.00. Technically, the current moves are witnessing an intraday stability above the breached resistance level of 137.60, and we find that the stochastic indicator started to provide signs that …
Read More »Canadian Dollar: Tends to be Negative
The Canadian dollar failed to confirm the breach of the resistance level of 1.3120, and the current moves are witnessing stability below the aforementioned level, stabilizing around its lowest level during the early trading at 1.3160. From the angle of technical analysis today, with the stochastic gradually losing the bullish …
Read More »Cable Based on Support
The British Pound found a strong support floor near the psychological barrier of 1.3200, to start its daily trading positively, and hover around the resistance level at 1.3280. Technically, the simple moving averages continue to hold the price from below, and we find the RSI indicator stable above the mid-line. …
Read More »Oil Reiterating The Upside Chances
Oil, Crude, trading
Read More »Gold Continues To Negative
The bearish trend continues to control gold’s movements within a decline to the downside, a few points shy of first official target required to be touched, located at 1850, to record its lowest price of 1852. From the angle of technical analysis today, and with a closer look at 60-min. …
Read More »Euro Tested Support Level
The pivotal support levels mentioned during the previous analysis, located around 1.1820, were able to limit the bearish bias, within the scenario of re-testing the required support. technically, Euro seen rising again, benefiting from the aforementioned support levels, and the pair is now hovering around the 1.1880 resistance level. Looking …
Read More »IMF’s Georgieva: Economic Outlook Remains Difficult And Prone to Setbacks
Recent data shows slowing momentum in contact-intensive services industries in economies where the pandemic is resurging, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday, as reported by Reuters. “Recent data confirms continuing global recovery from the COVID-19 crisis but economic outlook remains difficult and prone to setbacks.”“Seeing …
Read More »The Current Account Surplus Widened in Eurozone in September
Data from the European Central Bank revealed that the revised current account surplus of the 19-nation eurozone expanded to 25.2 billion euros in September compared to 20.9 billion euros in August, thanks to an increase in the surplus from trade in goods and services. In the twelve months to September, …
Read More »US Dollar Rises Due to The Increase in Covid-19 Cases
The dollar rose Thursday, November 19, as widespread optimism about COVID-19 vaccines met with concerns about rising numbers of cases and risks to a fragile global economic recovery. The dollar has also been caught between opposing powers, as it received support from seeking safe haven purchases while fresh speculation about …
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