Oil prices rose during morning trading today, Thursday, extending the week’s gains to more than 11% on mounting hopes that oil producers will be Reversing Oversupply due to increasing Coronavirus cases. West Texas futures rose about 12 cents, recording $ 41.57 a barrel. While Brent futures rose by 9 cents, …

The DAX opened on a bullish bias, taking advantage of building a base on support floor at 13045. The technicals indicate the potential for the rally to resume, given the positive stimulus from the 50 SMA that is holding the price, in addition to the index continuing to gain upward …

Positive trading dominated the pound’s moves against the Japanese yen within the expected bullish path, touching the first target to be achieved yesterday at 140.10 / 140.15, recording a high of 140.31. On the technical side, the current trading is witnessing a slight bearish slope under pressure from the negative …

The Dow Jones Industrial Average maintains its recent gains after successfully establishing a good support floor near the 29060 level. Technically today, we find RSI continues to defend the upside, in addition to building the index price above the aforementioned support level accompanied by the positive stimulus of the 50-day …

Positive trading returned to dominate the Canadian dollar after several consecutive sessions of a strong decline within positive attempts to breach the resistance level at 1.3065. Technically, the simple moving averages started holding the price from the bottom, accompanied by the RSI gaining bullish momentum over the short term. Thus, …

The British Pound succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved at 1.3310, to hit its highest level at 1.3113. Technially, and with a closer look at the 4-hour chart, we find positive crossover signs appearing on the stochastic, supporting the return …

Oil, Crude, trading

The bearish momentum continues to dominate gold’s movements within the expected bearish path, trying to break the bottom mentioned during the previous analysis, located at 1860, to record its lowest level at 1856. technically, the current trading is still stable below the resistance level of 1880, and with a closer …

The euro is showing a negative bias after the single currency failed to stabilize for a long time above the psychological barrier of 1.1800 resistance and is now hovering around the 1.1775 support level. Technically, looking at 240-minutes chart, we find that negative signs have started to appear on the …

Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …