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. …

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 …

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 …

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, …

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 …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 475 basis points to 15% from 10.25%.

British Trade Minister Truss said that the UK determined ‎to reach a trade agreement with Canada before the end of the year. She said she hoped the UK would be able to move forward with the trade agreement with Canada and added, ” By no means are we entirely focused …

Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus. By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 …

The Chinese Ministry of Commerce said that China is open to the idea of joining the Comprehensive and Progressive Partnership Agreement across the Atlantic. Gao Feng, the spokesman for the ministry, made the remarks at a press conference in Beijing. Last week, 15 countries from the Asia-Pacific region, including China, …

The European Central Bank (ECB) President Christine Lagarde added to her earlier comments and said that PEPP was targeted to be temporary, exceptional. Lagarde was speaking at the ECON Committee of the European Parliament (by videoconference). By definition ECB won’t go bankrupt or run out of money.ECB is extremely attentive …