The Turkish lira was revised on Friday after sources said the United States was preparing to impose sanctions on Turkey for its purchase of the Russian S-400 air defense system, in a move likely to worsen relations between the two NATO members. The lira was at 7.900 against the US …

Oil rose today, Friday, to consolidate strong gains made overnight that saw Brent crude exceed $50 for the first time since March, as the implementation of coronavirus vaccination programs fueled hopes that demand for oil will rebound next year. Brent crude rose 30 cents, or 0.6%, to $50.55 a barrel, …

Japan’s Nikkei index fell on Friday, posting its first weekly loss in six weeks, as risk appetite waned due to the uncertainty surrounding Brexit, US stimulus and concerns about a spike in COVID-19 cases. The Nikkei fell 0.39% to close at 26,652.52 points, losing 0.37%for the week. But the broader …

The German DAX maintains positive stability after succeeding in establishing a decent support floor above 13,220 and generally above 13,190. On the technical side, we tend to be positive in our trading, relying on the index’s anchorage above the 13,220 support floor, which is accompanied by the positive stimulus of …

The Dow Jones Industrial Average found a strong resistance level around 30,160, which was able to limit the upside temporarily, as the current moves are witnessing a slight bearish slope around its lowest level during the session 29,950. On the technical side, and with a closer look at the 60-minute …

Negative trading dominated the pound’s movements against the Japanese Yen, as we expected, touching the target to be achieved mentioned in the previous analysis, at 138.10, recording 138.20, its lowest price during the previous session. On the technical side, today the current moves are witnessing a slight upward slope, as …

The Canadian dollar declined significantly, heading to visit our first target for the current downturn, which was published in all technical reports for the current week at a price of 1.2700, recording a low at 1.2705. On the technical side, and by looking at the 60-minute chart, we find the …

Strong declines in the movement of the pound against the US dollar approached by a few points from the first target of the current wave of decline, as we expected at 1.3220, recording a low at 1.3242. On the technical side, and with a closer look at the 4-hour chart, …

Oil, Crude, trading

The technical outlook remains unchanged, and gold’s movements have not changed significantly, maintaining the bearish bias, stable below the 1850 resistance level. Technically speaking, and with a closer look at the 240-minute chart, the signs of negativity are still dominating the stochastic, and this comes in conjunction with the RSI …