The Dow Jones Industrial Average touched the first required target mentioned in the previous analysis at 28220, extending the gains, peaking at 28386. Technically, we tend to be positive depending on the positive motive of the SMA-50, with the stochastic indicator centered around overbought areas. From here, with intraday trading …
Read More »Oil May Have a Temporary Decline
Oil, Crude, trading
Read More »Gold Trying to Rise on US Dollar
Positive trading dominated gold during the previous trading session after it succeeded in building on a strong support 19012, in addition to being able to confirm the breach of the resistance mentioned in the previous analysis at 1910, indicating that breaking it increases the possibility of touching 1934 to record …
Read More »Euro Taking Advantage of Weak US Dollar
The euro jumped against the US dollar to achieve strong gains. To be reminded, we committed to the intraday neutrality in the previous analysis, indicating that the activation of long positions depends on confirming the breach of 1.1770 resistance, in order to enhance the chances of the rise towards 1.1800 …
Read More »US election: Trump Leads in Pennsylvania With 89% of Votes Tallied, 50.5% vs. 48.2%
US President Donald Trump has 50.5% and former Vice President Joe Biden has 48.2% in the battleground state of Pennsylvania with 89% of votes tallied so far, Reuters reported, citing the latest data from Edison Research.
Read More »US: Unit Labor Costs Decline by 8.9% in Q3
Unit Labor Costs in the US’ nonfarm business sector declined by 8.9% on a yearly basis in the third quarter, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed an 8.5% (revised from 9%) increase in the previous quarter and came in better …
Read More »US: Weekly Initial Jobless Claims Decline to 751K
There were 751,000 initial claims for unemployment benefits in the US during the week ending October 31st, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 758,000 (revised from 751,000) and came in worse than the market expectation of …
Read More »US: Challenger Job Cuts Decline to 7-Month Low in October
Planned job cuts in the US-based employers declined to 80,666 in October from 118,804 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. “October’s total is 32% lower than the 118,804 cuts announced in September,” the publication read. “It is 60% higher than the 50,275 …
Read More »Oil Down by More Than 1% on US Election
Oil prices fell Thursday, November 5, as Democratic candidate Joe Biden approaches victory in the exciting US presidential election, but Republicans are likely to retain control of the Senate, reducing the chances of implementing any major easing package from the repercussions of the Covid-19 pandemic. By 07:56 GMT, WTI futures …
Read More »US election: Trump Leads in Georgia With 96% of Votes Tallied, 49.6% vs. 49.2%
US President Donald Trump has 49.6% and former Vice President Joe Biden has 49.2% in the battleground state of Georgia with 96% of votes tallied so far, Reuters reported, citing the latest data from Edison Research.
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