The UK government has imposed tougher restrictions on London to try to stop the spread of the Coronavirus. The UK capital will move to the so-called “high” alert level as of midnight Friday, up from the current “medium” alert level. This means that millions of people in the richest city …
Read More »Australian Dollar at lowest Level in a Week And Risk Aversion Supports USD
The Australian dollar fell to its lowest level in a week after the head of the central bank hinted at a possible rate cut or bond purchase. In general, the atmosphere of risk aversion kept the US dollar supported and the rest of the major currencies on the defensive, unlike …
Read More »Oil Falls as Corona Cases Threaten to Recover Demand
Oil prices plunged on Thursday, erasing earlier gains in the session, as a new spike in COVID-19 cases around the world reinforced concerns about economic growth and a recovery in fuel demand. European countries re-impose curfews and general isolation measures in light of the increase in new cases of Corona. …
Read More »Gold Retreating as US Dollar Rallies as Bets on a US Stimulus Dissipate
Gold fell on Thursday, and lay below $ 1900, a psychological important level, as the dollar held on to recent gains after US Treasury Secretary Stephen Mnuchin dashed hopes for a new stimulus package before the presidential election. Spot gold fell 0.2% to $ 1897.47 an ounce, after rising 1.2% …
Read More »European Stocks Fall on Covid-19 And Doubts About US Stimulus
European stocks fell for the third consecutive session Thursday, as demand for global stocks was negatively affected by concerns about the economic damage resulting from more general isolation measures aimed at slowing the spread of the Corona virus and dashed hopes of fiscal stimulation in the United States before the …
Read More »Japan Stocks Are Declining as Investors Nervous About Risks
Japanese stocks fell on Thursday, as investor sentiment was damaged due to the dissipation of hopes for a new round of financial stimulus in the United States and the return of lockdown measures in some European countries due to the Corona outbreak and concerns about the strained Sino-US relations. The …
Read More »China’s PPI fell 2.1% Y-o-Y in September
China’s producer price index fell 2.1% year on year in September more than expected. In September, the annual CPI rose 1.7% less than expected. On a monthly basis, the same index rose by 0.2%, less than expected by 0.1%.
Read More »The Unemployment Rate in Australia Rose to 6.9% in September
The unemployment rate in Australia rose to 6.9% in September, less than expected, and employment fell by 29,500 in the same month, less than expected. The partial unemployment rate increased to 11.4%, and the participation rate maintained its levels at 64.8%, in line with expectations.
Read More »DAX Tends to be Negative Waiting For Pending Orders
Negative trading dominated the German DAX, recording the lowest level at 12935, near the support level mentioned in the previous analysis, 12925. Technically, we tend to negativity based on negative signs from the stochastic with negative pressure coming from the 50 day moving average. Therefore, the bearish bias will be …
Read More »Dow Jones May Witness a Temporary Decline
The Dow Jones Industrial Average declined significantly during the previous session’s trading, negating the positive outlook. As we expected, as a reminder, we indicated that returning to trading again below the support level of 28550 will immediately stop the daily bullish trend, and witnessing negative trades targeting 28325, posting low …
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