The Wall Street Journal reported Saturday that former President Donald Trump has considered replacing the acting attorney general with an official willing to pursue unfounded allegations of election fraud and pushing the Justice Department to demand the Supreme Court invalidate President Joe Biden’s victory. The newspaper added, citing people familiar …
Read More »German IFO Business Climate Index Misses Estimates in January
The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 91.3 and 90.6 expected.
Read More »US Dollar Index Continues to Decline as Sentiment Improves in Global Markets
The recovery of sentiment in global markets led to the dollar’s decline, while riskier currencies strengthened after optimism about US President Joe Biden’s plans to stimulate the effects of Covid-19 outweighed. The market sentiment appeared more cautious at the end of last week, as European economic data revealed that the …
Read More »Oil Prices Fall as Worries About Lockdown Prevail Over Demand Outlook
Oil prices fell for the second consecutive session, as renewed lockdown measures to combat COVID-19 raised new concerns about global fuel demand. Brent crude futures lost eight cents, or 0.1%, to $ 55.38 a barrel, while US West Texas Intermediate crude futures contracted $ 52.26 a barrel, down by a …
Read More »Technology Stocks And Corporate Earnings Lift European Stocks
European stocks rose as gains in technology stocks and positive earnings reports helped investors bypass the possibility of extending lockdown measures at a time when many countries are fighting the emergence of new strains of the emerging coronavirus. The pan-European STOXX 600 index rose 0.4%. The benchmark index ended last …
Read More »Japan Stocks Gaining Momentum, Tracking US Futures
Japanese stocks rose on Monday, erasing early losses, led by technology stocks and drugmakers as US futures rallied on hopes that lawmakers would soon pass a major economic stimulus to revive growth in the world’s largest economy. The Nikkei index on the Tokyo Stock Exchange gained 0.67% to 28,822.29 points, …
Read More »Bitcoin May Witness a Slight Bullish Tendency
The current movements of Bitcoin are witnessing a slight bullish bias after several consecutive sessions of strong decline, recording 28,935. Technically, we tend to the intraday positivity, but with caution, relying on the positive motive of the 50-day moving average in addition to attempts Relative strength index for bullish momentum. …
Read More »German DAX Maintain Bullish Bias
The technical outlook remains unchanged, and the index’s movements did not change significantly, preserving positive stability. On the technical side, the 50-day moving average is still holding the price from below, and we find the RSI indicator providing signs that tend to be positive. Therefore, the bullish bias is likely …
Read More »Dow Jones Maintains Bullish Path
The Dow Jones industrial average maintains positive stability in the New York Stock Exchange, generally stable above the support floor 30,790. On the technical side today, and with a closer look at the chart, the stochastic indicator is still around overbought areas, and the RSI indicator is stable above the …
Read More »GBP/JPY: On Positive Side
Positive trading dominated the movements of the pound sterling against the Japanese yen, cancelling the negative outlook, as we expected, and touching the stop loss order published in the previous analysis at 142.20. On the technical side, the current moves are witnessing a bullish bias supported by the positive motive …
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