The bullish trend continues to dominate the pound’s movements against its Japanese counterpart within a bullish path, as we expected touching the second target to be achieved during the previous trading session at 139.60, recording a high of 139.77. On the technical side, today, we tend to be positive, relying …

The technical outlook remains unchanged, and the pair’s movements have not changed little to keep the bearish path after finding a strong resistance level near 1.3065 / 1.3070. Technically Speaking, and with a closer look at the 60-minute chart, we find there are limited positive attempts from the RSI, and …

Positive trades continue to dominate the movements of the pound against the US dollar within the bullish path, as we expected touching the required target located at 1.3265, posting its highest level during the morning trading of the current session at 1.3280. Technically speaking, and by looking at the 240-minute …

Oil, Crude, trading

Positive attempts in yellow metal to reduce its recent losses within a limited upward tendency aimed at re-testing the 1890 resistance level. Technically, by looking at 60-minute chart, we find that the stability of the intraday trading below 1890 constitutes a negative pressure on the price, as we find the …

The support levels published during the previous analysis, located at 1.1775, were able to limit the slight bearish tendency within the scenario of retesting the support as we expected. Technically, with the pair’s consolidating above the mentioned support, in addition to the positive stimulus from the simple moving averages that …

European Parliament and the European Union governments have reached a deal on the EU’s 2021-2027 budget, as reported by Reuters. Commenting on this development, “a deal for Europe – Council and European Parliament negotiators reach a political agreement on the EU budget & recovery package,” the spokesman for the German …

“If there’s more for the Fed to do, it would be with treasury to help companies,” Dallas Federal Reserve President Robert Kaplan said on Tuesday, as reported by Reuters. “Potential GDP growth after 2023 will return to being sluggish.”“Financial conditions are relatively loose.”“Once we have weathered the pandemic, will have …

The Turkish lira recorded a new low on Monday against the US dollar, with the USD/TRY to the 8.40 area on Tuesday, but some initial resistance has begun to appear. The lira recorded the biggest one-day advance against the dollar since 2018 after traders considered the news about the dismissal …

There was no change to NFIB US Business Optimism Index, which stood at 104 in October of 2020, the same figure as the previous month. While it came higher than market expectations, which settled at 102.2. The last two readings are the highest since January and are among the highest …