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 …

Gold prices rose on Monday, January 18th, after hitting the lowest level in a month and a half earlier in the session, supported by the chances of approving a huge US relief package from the repercussions of the Coronavirus, which overshadowed the rise of the dollar and strengthened the metal’s …

The Reuters Tankan survey showed that the confidence of Japanese manufacturers had stabilized in January, to become less pessimistic in more than a year about the repercussions of Covid-19, but service companies increased pessimism in conjunction with the start of new closures involving the majority of the country’s population. The …

Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.

According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …

Negative trading dominated the movements of Bitcoin within the expected bearish context, touching the second target to be achieved last Friday at 35,540, posting low at 34,784. On the technical side, we may witness more negativity as a result of the negative pressure of the 50-day moving average, which continues …

The German DAX index failed to achieve the required positive outlook mentioned in the previous analysis after it failed to maintain the trading level above 13,870, and the most important 13,910. On the technical side, we tend to be negative, relying on the intraday trading below 13,870 accompanied by negativity …

The Dow Jones Industrial Average declined sharply and rapidly within the negative outlook expected during the previous analysis, surpassing the target of the second downward correction located at 30,590, to reach its lowest level at 30,504. Technically speaking, after the index found a solid resistance level around 30,860, in addition …

Negative trading continues to control the pound against its Japanese counterpart, surpassing the second official target required to be achieved at 141.30, recording its lowest level during early trading for the current session at 140.65. On the technical side today, and with a closer look at the 240-min chart, we …

The Canadian dollar started its first weekly trading with a noticeable rise within the bullish context, in which we relied on confirming the pair’s breach of the resistance level of 1.2710 to continue its gradual rise. In terms of technical analysis today, after the pair succeeded in establishing a good …