China’s economic recovery accelerated in the third quarter of the year as consumers abandoned caution about the Coronavirus, but the main below-expected growth rate foretells continued risks to one of the few drivers of global demand. Official data revealed on Monday that gross domestic product (GDP) grew 4.9% from July …

Japanese shares closed higher on Monday, following US futures gains in Asian trade, thanks to hopes of reaching an agreement on a US program to mitigate the economic damage from the Corona virus before the presidential elections. The benchmark Nikkei index rose 1.11% at the close to 23,671.13 points, while …

The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average. We think that there is a chance for a bullish tendency to occur in the coming …

Positive trading dominated the movements of the Dow Jones Industrial Average, nullifying the negative outlook as we expected, we indicated during the previous analysis that the breach of 28550 is capable of negating the bearish scenario, and the index returns to trade positively, heading towards 28740, to post high at …

Pound was dominated by negative trading against the Japanese Yen within the expected bearish path, shy off the required target of 135.15, posting low at 135.40. Technically, the current movements of the pair are witnessing a bullish tendency, as a result of building a base on support floor of 135.60 …

We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the …

The British pound continues its negative creep against the dollar within the expected bearish path, depending on the stability of trading below 1.2960, to gradually approach the target required to be achieved in the previous analysis at 1.2840, recording a low at 1.2860. Technically, the moving average is still pressing …

Oil, Crude, trading

Gold prices opened the first session of the week with stability around the pivot level 1901. Technically, looking at the 4-hour chart, we see the SMA 50 attempts to pressure the price from the top, with the RSI tending to provide negative signals on short intervals, on the other side. …

The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …