The pair has not undergone any change, and the negative outlook remains in place, maintaining the positive stability, as we expected within a gradual rise to the upside. On the technical side, and with a closer look at the 4-hour chart, we find that there are positive crossover signals that …
Read More »Oil Experiencing Negative Pressure
Oil, Crude, trading
Read More »Gold May Have to Correct a Slight Bullish Correction Within The Downside
Negative trading dominated gold prices with the opening of the first weekly trading to record its lowest level at 1764. Technically, by looking at the 4-hour chart, the pair found support floor around 1965 as we find on the short timeframe that RSI is starting to get positive signals. From …
Read More »Euro Faces The Psychological Barrier
The euro continues to pressure the US dollar to continue achieving gains, heading to visit the first target mentioned in the previous analysis, located at 1.2000, posting a high of 1.2003. Technically, the pair met psychological barrier level to witness a slight bearish tendency, and with a closer look at …
Read More »US: Pending Home Sales Decline by 1.1% in October
Pending Home Sales in the US fell by 1.1% on a monthly basis in October following September’s decline of 2%, the data published by the US National Association of Realtors showed on Monday. This reading came in worse than the market expectation for an increase of 1%.
Read More »Germany’s Merkel: Economic Consequences of Pandemic to Stay With Us For Years
The economic consequences of the coronavirus pandemic will be felt for years to come, German Chancellor Angela Merkel said on Monday, as reported by Reuters. “I hope we can find a solution to ensure the passing of the recovery fund and the EU budget,” Merkel added
Read More »Germany: Annual HICP declines to -0.7% in November
Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.8% November, Destatis reported in its flash estimate on Monday. This reading followed the 0.1% increase seen in October and missed the market expectation of -0.7%. Further details of the publication revealed that theHarmonized Index of Consumer Prices …
Read More »S&P Global Buys IHS Markit in $44bn Deal
S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers. The mega transaction, which IHS Markit CEO Lance Uggla told employees in a note that has been in the works …
Read More »Huawei no Longer Allowed to be Added to UK 5G Network From September
Britain has laid out detailed plans to ban Huawei from its 5G networks, and has set a deadline in September 2021 for telecom operators to stop installing the Chinese company’s equipment. The UK government decided to ban Huawei’s 5G equipment over the summer, and reverse course after mounting pressure from …
Read More »Oil prices decline 2% Before OPEC+ Meeting Results
Crude oil prices fell on Monday, November 30, as investors awaited the decision of the OPEC+ producers’ group on whether to extend large production cuts to balance global markets, but the hopes of the vaccine helped keep the two benchmarks on a path of more than a fifth since the …
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