The Canadian dollar started its first weekly trading with a noticeable rise within the bullish context, in which we relied on confirming the pair’s breach of the resistance level of 1.2710 to continue its gradual rise. In terms of technical analysis today, after the pair succeeded in establishing a good …
Read More »Pound Losing Momentum
Oil, Crude, trading
Read More »Crude Oil Facing Negative Pressure
Oil, Crude, trading
Read More »Gold Faces Selling Pressure
Gold prices started their first weekly trading with a noticeable decline after it failed to maintain trading levels above the support level of 1835, explaining that breaking the aforementioned level puts the price under negative pressure, its initial official target is around 1808, its lowest level during the Asian session …
Read More »Euro Struggling Against The US Dollar
The euro is trading negatively against the US dollar in the expected bearish context, touching the official target mentioned in the previous analysis 1.2065, to hit its lowest level during early trading for the current session 1.2065. On the technical side, the negative pressures coming from the 50-day simple moving …
Read More »US: Retail Sales Decline by 0.7% in December
Retail Sales in the US fell by 0.7% in December to $540.9 billion, the data published by the US Census Bureau showed on Friday. This reading followed November’s decline of 1.4% and came in worse than the market expectation of no-change.
Read More »Citigroup’s Quarterly Earnings Declining But Better Than Expectations
Citigroup’s profits declined 7% in Q4 of 2020, but were much better than Wall Street analysts’ expectations, as the improved economic outlook allowed it to release cash that it had previously allocated for bad loans. The New York-based bank reported net profits of $4.63 billion, or $2.08 per share, down …
Read More »Dutch Government to Resign Over Childcare Subsidy Scandal
Dutch Prime Minister Mark Rutte and his government will resign over a childcare subsidy scandal that “drove thousands of families to financial ruin,” Reuters reported on Friday, according to local news agency NOS. There hasn’t yet been an official confirmation of this news at the time of press.
Read More »US Department of Energy: The US Plans to Sell 20 Million Barrels of Strategic Oil Reserves
The US Energy Department said Thursday it plans to sell up to about 20 million barrels of crude oil from the Strategic Petroleum Reserve, as dictated by two laws passed in 2015 and 2018. Both laws require the ministry to sell a little more than ten million barrels during the …
Read More »China Records Highest Increase in New Cases of Coronavirus Since Last April
The National Health Commission of China said today, Friday, that mainland China recorded 144 new cases of the new Coronavirus on January 14, up from 138 cases the day before. The commission said in a statement that 135 of the new cases were local cases, including 90 in Hebei Province, …
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