The Turkish lira fell on Wednesday, November 18, a day before the central bank’s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike. By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday’s close. …
Read More »Pfizer and BioNTech: Vaccine 95% Effective in Final Efficacy Analysis of Phase 3 Trial
Pfizer Inc said on Wednesday that the final efficacy analysis of phase 3 trial of the coronavirus vaccine it develops with BioNTech has shown to be 95% effective, as reported by Reuters. “Efficacy of COVID-19 vaccine was consistent across age, race and ethnicity demographics.”“Planning to file for US emergency use …
Read More »Bitcoin Breaking $18,000 Mark And Nearing All-Time Highs
Bitcoin broke the $ 18,000 barrier today, Wednesday, reaching its highest level since December 2017, continuing its great rise in 2020, supported by demand for its nature, which is a hedge against inflation and expectations for a general trend to accept. The main and largest cryptocurrency jumped to $ 18,483, …
Read More »Gold is Moving in a Limited Range Amid Vaccine Hopes And an Increase in Corona Cases
Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 …
Read More »Japan Shares Closed Lower as COVID-19 Cases Rose in Tokyo
Japanese stocks closed lower on Wednesday, November 18th, as the Nikkei index retreated from its highest close in more than 29 years, which it reached in the previous session, as the high incidence of Covid-19 in Tokyo caused the rally in the recent rally to subside, supporting optimism about The …
Read More »UK Annualized CPI Beats Estimates With 0.7% in Sept
he UK Consumer Prices Index (CPI) 12-month rate came in at +0.7% in October when compared to +0.5% booked in September while beating expectations of a +0.6% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived …
Read More »German Dax Repeat Chances of a Bullish Run
Germany’s DAX index tended to trading negative but still maintaining a positive stability above 13040. Technically, with the success of the index in building on the mentioned support floor, with the positive motive of the 50-day moving average. It encourages us to maintain the positive expectations, provided that the break …
Read More »Dow Jones Based On Support
The movements of the Dow Jones Industrial Average tended to be negative during the previous trading session, seeing that the current moves stabilized below the 29690 level. Technically, looking at the 60-minute chart, the index is still trading steadily above the 29425/29430 support floor, with the RSI stable above its …
Read More »GBP/JPY Looking For Extra Momentum
The British pound’s current moves against the Japanese yen are witnessing negative moves after finding a strong resistance level around 138.40 within the current attempts to target a re-test of 137.80. Technically, we tend to be positive despite the current bearish bias, given that trading remains above the support floor …
Read More »Canadian Dollar: Gradually Losing Ground
The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet. Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase. Consequently, we will …
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