Data from the European Central Bank showed on Tuesday that the current account surplus of the 19-nation eurozone widened to 19.9 billion dollars in August from 17 billion euros in July thanks to a higher trade surplus and a lower primary income deficit. In the 12 months to August, the …

Japanese stocks closed lower on Tuesday, tracking down on Wall Street’s losses overnight, while investors are cautiously watching whether US projectors will be able to strike a deal on a stimulus package as the deadline approaches. The Nikkei index fell 0.44% to 2,3567.04 points at the close, while the broader …

Gold traded on Tuesday in a narrow range above $ 1900 an ounce, as caution prevailed ahead of a deadline for an agreement on a new US stimulus package to mitigate the repercussions of the Coronavirus and the presidential elections scheduled for next month. Gold fell 0.2% to 1,901.10 dollars …

The German DAX managed to touch our first target at 12990, to return to trading negatively. The technical side indicates the possibility of continuing the decline, with trading remaining below the previously broken support level 12880 and the most important 12920, in addition to the index continuing to have negative …

The Dow Jones Industrial Average declined significantly during the previous session within the bearish path expected in the previous analysis, touching the first target at 28370, posting a low at 28024. Technically, we are biased towards the negativity, given that trading remains intact below the broken support-into-resistance at 28330 with …

GBP/JPY managed to achieve the positive outlook, as we expected yesterday, to touch the first target required to be achieved at 137.10, posting high 137.25. Technically, we find that the 50-day moving average holds the price in addition to an intraday consolidation above breached resistance-into-support 135.90 / 136.00. Therefore, we …

The pair saw some positive attempts during previous trading, but is still limited. Technically, looking at the 60-minute chart, we find the beginning of the positive signs for the pair with the RSI indicator trying to obtain bullish momentum supported by the intraday stability above 1.3160. We tend to be …

The British Pound reversed the downtrend, as we expected in the previous analysis, reaching the stop loss order we mentioned, located at 1.3000, posting a high of 1.3024. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance …

Oil, Crude, trading

We stood on the sidelines during the first trading sessions of this week due to the conflicting technical signals, explaining that we are waiting for more clear signals as gold prices moving in a narrow sideways range confined from the bottom above 1901 and the top below 1913. Technically speaking, …