The UK economy grew by 2.1% in August M-o-M, as the country’s gradual recovery from the coronavirus crisis continued, albeit at a slightly slower pace. Estimated growth in UK gross domestic product for the month of August was below expectations, with economists in a Reuters poll forecasting 4.6% monthly growth. …

The German DAX managed to maintain its positive stability, posting a session high at 13085 in early tradings. Technically, we tend to positive, depending on the breach of 12940, which turned into support, with the positive motive of the 50-day moving average, which continues to hold the price. We will …

Positive trading dominated the Dow Jones Industrial Average, to record its highest level at 28485. Technically, we see that the index closed its trading above the support level of 28200 with the positive motive of the 50-day moving average in conjunction with positive signs from the RSI. As long as …

The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40. Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum. The bearish bias …

The Canadian dollar continues to crawl negatively to the downside within the expected bearish path, touching the first target required at 1.3190, to record its lowest level during early trading in the Asian session at 1.3180? Technically, the pair needs to confirm the breach of the support-turned-resistance 1.3240, in addition …

The British Pound traded on the positive side against the US dollar after attempts to establish a support near 1.2900. Technically, we find that the pair succeeded in building a base on 1.289 / 1.2900, accompanied by the positive signs of the MA 50, which adds more strength. We see …

Oil, Crude, trading

The yellow metal opened the current session with a bullish bias within a gradually bullish path. Technically speaking, the current moves are witnessing stability above 1901 resistance level, Fib 61.80%, as seen on the 240-minute chart. We find that the RSI above 50 on short time frames with positive signals …

The EUR’s movements were tilted to the positive side during the previous trading session, and we remained neutral in the previous report due to the conflicting technical signals. Technically, looking at the chart, we find that the 50-day moving average has returned to hold the price with positive signals from …

Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million which represents about 1% of Square’s total assets as of the end Q2 of 2020. “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which …