The Dow Jones Industrial Average jumped yesterday, achieving strong gains on Wall Street, within a positive outlook, as we expected it to surpass the second official target at 30,530, recording its highest level at 30,909. On the technical side today, the daily trend is still up, dependent on stochastic around …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades dominated the movements of the yellow metal in the previous session, to touch the first target to be achieved mentioned in the last analysis at 1956, posting a High at 1959. On the technical side, prices witnessed strong declines as a result of approaching the resistance level 1960, …

The negative moves continue to dominate the euro’s trading against the US dollar, surpassing the first target required to be achieved yesterday, located at 1.2330, to hit its highest level during the previous session at 1.2350. From the angle of technical analysis today, we find that the RSI indicator is …

Inflation in Germany, as measured by the Consumer Price Index (CPI), was 0.5% in December, Destatis reported in its flash estimate on Wednesday. This reading followed a 0.8% decline in November but missed the market expectation of 0.5%. The annual CPI stayed unchanged at -0.3%.

Employment in the US’ private sector decreased by 123,000 in December, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday.

Gold prices hit a two-month high on Wednesday, with the dollar retreating due to growing expectations that Democrats will win the run-off in the US Senate elections in Georgia, which is likely to support the adoption of additional fiscal stimulus packages. During the session, gold rose in spot transactions to …

The dollar fell on Wednesday as Democrats advanced in the run-off election that will determine who will control the US Senate and could pave the way for lavish spending under the administration of President-elect Joe Biden. The euro crossed a major resistance level, reaching a 32-month high, while the US …

A survey showed that economic activity in the Eurozone recorded a more severe contraction than previously thought at the end of 2020 and may deteriorate further with the renewal of the general isolation restrictions imposed to contain the Coronavirus, which has affected the services sector that dominates the bloc. With …