The Canadian dollar found a strong resistance level near the psychological barrier of 1.2800, which was able to limit the bullish correction mentioned in the previous analysis Technically, and despite the current bearish bias, we tend to be positive, relying on trading stability above 1.2700 / 1.2690 accompanied by stochastic …
Read More »GBP: Retesting Support
Oil, Crude, trading
Read More »Crude Oil: Negativity Persists
Oil, Crude, trading
Read More »Gold: Positive Trend Looking For Confirmation
Gold prices found a solid support ground near the psychological barrier of 1800, which pushed the price to bullish rebound with the aim of retesting 1840. Technically, the current trading is witnessing a slightly bullish bias, but still limited, and with a closer look at the 60-min chart, we find …
Read More »Euro Retesting Resistance
Quiet trading dominated the movements of the euro against the US dollar amid a holiday in the US markets yesterday, to hit a low of 1.2053. Technically speaking, the current trading is witnessing a slight bullish bias due to the return of the price’s stability above the support level of …
Read More »Coronavirus Cases Declining in Germany
Germany reported that the number of coronavirus cases reached 7,141 new cases and 214 deaths today, bringing the total number nationwide to 2.04 million and 46,633 respectively, according to data released by the Robert Koch Institute (RKI) for infectious diseases. It appears that the number of daily cases has decreased …
Read More »EU reportedly to seek an extension to ratify Brexit trade deal
According to the latest headlines, the EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified. Citing two sources, RTE’s Europe editor, Tony Connelly tweeted that member states want to extend the deadline from the end of February to sometime …
Read More »The US Dollar at a Peak of a Month
The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …
Read More »Corona Deaths in France Exceed 70,000
The health authorities in France said Saturday, January 16 that the total Corona deaths in the country exceeded 70,000 after 196 deaths were recorded in the past 24 hours. She added that the total number of deaths reached 70,142. There were also 21,406 new infections recorded during the past 24 …
Read More »Growing CoronaVirus Cases Put an End to Oil Rally
Oil prices retreated further from the 11-month high that they touched last week, ending a rally that began at the end of October due to production cuts and strong Chinese demand, in light of questions about market direction amid the growing number of coronavirus cases. Brent crude was down 30 …
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