Oil, Crude, trading
Read More »Gold Faces Resistance
We were standing on the fence during the previous trading session due to the importance of the current trading levels for the general trend in the short term. Technically speaking, gold prices collided with the pivotal resistance published during the previous analysis, 1870, which we indicated as the key to …
Read More »Euro on Hold Waiting For One of Two Scenarios
The euro opened its daily trading with a slight bearish bias, benefiting from consolidating in the support floor of 1.2075 / 1.1070, to witness the stability of the current move above 1.2100. On the technical side, and with a closer look at the 4-hour chart, we find negative signs still …
Read More »Consumer Spending And Exports Drive Growth in Eurozone to a Record High
The European Union’s statistics office said that the euro zone economy recorded the highest quarterly growth rate in the summer, recovering from a record contraction due to the Covid-19 pandemic, amid a significant increase in consumer spending and exports. Eurostat said gross domestic product (GDP) in the 19-nation bloc increased …
Read More »British Pound Falling on Brexit Headlines
The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an …
Read More »Germany’s ZEW Survey Improves in December
The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November. The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts …
Read More »Annual GDP in Eurozone Contracts by 4.3% in Q3
The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
Read More »EU Commission: Brexit Talks Can Continue After Transition Period Ends
A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.
Read More »Oil Continues Its Losses With Increasing Pessimism
Oil prices fell on Tuesday, December 8, continuing the losses incurred in the previous session, at a time when California tightened general isolation measures to confront the Coronavirus pandemic during Christmas. Brent crude futures were down 51 cents, or 1.1%, to $ 48.28 a barrel by 07:44 GMT. US West …
Read More »Japan’s Economy Grew by 22.9% in Q3
The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%. Household spending in Japan rose for the first …
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