European shares remained at their highest level in ten months Thursday, December 17th, as hopes for more stimulus in the United States and possible distribution of COVID-19 vaccines in Europe boosted expectations for a global economic recovery. The German DAX index rose 1.1% to reach its highest level since February, …
Read More »Gold Rising as US Dollar Was Negatively Affected by The Progress of The US Stimulus
Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …
Read More »SNB Leaves Key Rate Unchanged at -0.75%
The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …
Read More »Japan Stocks Closing Higher on Hopes of US Stimulus
Japanese stocks closed higher for a second session Thursday (December 17th) as sentiment received a boost from expectations of further economic stimulus in the US and pledges of support from the US Federal Reserve. The benchmark Nikkei index rose 0.18% to 26,806.67 points, offsetting losses incurred in morning trade. The …
Read More »Germany’s DAX Continues to Achieve Bullish Goals
The German DAX index succeeded in touching the official station to be achieved, which is located at 13,580, recording its highest level of 13,587. On the technical side, the index is successful in building a base on the 13,500/13,490 support floor, temporarily supporting the upside, in addition to the positive …
Read More »Dow Jones Settled Above Support
Positive moves dominate the Dow Jones Industrial Average on Wall Street, recording a high of 30,225. On the technical side, we tend to be positive in our trading, but cautiously depending on the index’s price base above the 30,000/29,990 support level, accompanied by the persistence of stochastic centring around overbought …
Read More »GBP/JPY Looking For Stronger Direction
The British pound sterling achieved noticeable gains against its US counterpart during the previous trading session, touching our first awaited target at 139.90, recording its highest level during the last session at 140.07. On the technical side, and with a closer look at the 4-hour chart, we find negative signs …
Read More »CAD Gradually Losing Ground
The Canadian dollar was able to achieve the technique of retesting the resistance published during the previous analysis, which we made clear yesterday that we will increase the risk appetite to target 1.2775, recording the highest of 1.2790. Technically speaking, signs of negativity began to appear on Stochastic again and …
Read More »Pound Outperforms Against US Dollar
Oil, Crude, trading
Read More »Oil Flirts With $50.0
Oil, Crude, trading
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