The dollar recovered from its lowest level in seven weeks, receiving some support after hopes for a fiscal stimulus package in the United States before the November elections collapsed. Progress towards a stimulus agreement in the United States was supporting sentiment in global markets and raising demand for riskier assets …

European stocks hit their lowest in nearly a month on Thursday, as sentiment was affected by declining German consumer confidence, concerns about the increasing rate of Coronavirus infections, and the faltering stimulus in the United States. The German DAX index fell 1.3%, below the European stock market indices, after a …

Japanese stocks closed lower on Thursday, as the rise of the yen threatened exporters’ profits and amid fears that no agreement will be reached on an important US stimulus package before the presidential elections scheduled for the third of November. The benchmark Nikkei index closed down 0.7% to 23,474.2 points, …

Thursday’s survey showed that consumer sentiment in Germany has deteriorated as November approaches, as a second wave of the new Corona virus outbreak in Europe’s largest economy caused Germans to have less appetite for spending. The GFK Institute said its consumer sentiment index, which is based on a survey of …

Oil prices declined slightly Thursday after heavy losses overnight, and in light of the accumulation of gasoline stocks in the United States, indicating a decline in expectations for fuel demand, with the increase in the number of Corona virus infections in North America and Europe. Brent crude futures fell one …

The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …

A European Union official said on Wednesday that the bloc decided earlier this week to create a debt management office to handle its massive bond issues. The official, who refused to be named, added that the establishment of the office came as a result of reorganizing the general administration of …

The German DAX index declined significantly within the expected bearish path, surpassing the bearish target mentioned in the previous report at 12610 posting a low at 12520. Technically, we are biased towards the negativity, given that the index broke support-into-resistance 12720/12710 with the negative pressure of the simple moving averages. …

The Dow Jones Industrial Average managed to achieve the bearish targets published in the previous analysis located at 28,000, and reached a low of 27,893. Technically, we tend to be negative given the negative signs from Stochastic with the loss of momentum on the RSI indicator. As long as trading …

Positive trading dominated the British Pound against its Japanese counterpart, touching the first target to be achieved at 137.30, posting session high at 137.65. On the technical side with the pair’s intraday stability above the psychological barrier of 137.00, which is accompanied by the continued positive motive for the pair …