The German ZEW headline numbers for November showed that the Economic Sentiment Index came in at 39.0 versus 41.7 expectations and 56.1 last. While the sub-index Current Conditions figure arrived at -64.3 in Nov versus -65.0 expected and -59.5 previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Nov slumped to …

The yen recouped some of its losses against the dollar today, Tuesday, after it recovered due to news about developments in a Coronavirus vaccine that sparked optimism for the global economic recovery. The American company Pfizer for pharmaceutical industries and its German partner BioNTech announced that large-scale clinical trials have …

The Nikkei index reached its highest level in nearly 3 decades on Tuesday, November 10, as stocks of companies that have been hit by the pandemic in the aviation, railway operation and retail sectors jumped on news of progress in developments related to a Covid-19 vaccine. Investors switched to battered …

On an annual basis, the Chinese CPI grew at a slower pace of 0.5% in October, while expectations indicated a 0.8% slowdown in growth. On a monthly basis, the CPI unexpectedly declined by 3% over the past month. The producer price index decreased by 2.1% compared to the previous year.

Gold rose 1% Tuesday, November 10, after a sharp decline in the previous session, with the return of focus to the possibility of taking more monetary stimulus measures to revive a global economy still suffering from the repercussions of the Covid-19 pandemic. By 06:05 GMT, spot gold had jumped 1.1% …

The German DAX jumped above the required targets at 12720, to hit a high of 13287. Technically, the bullish trend is still intact, given that trading remains stable above the resistance converted into support at 12720, with the index continuing to get positive motive from the 50-day moving average. We …

The Dow Jones Industrial Average jumped to continue achieving the bullish targets, touching the third official leg mentioned in the previous analysis at 28460, recording a peak at 28619. Technically, looking at the 60-minute chart, we find that the moving averages continue to hold the price with the stochastic around …

The British Pound jumped against its Japanese counterpart, surpassing the bullish targets required to be touched, mentioned in the previous analysis, 137.20, to touch a peak at 138.90. Technically, looking at 240-minutes charts, we find that the pair is stable above 138.0 with the positive stimulus of the 50-day moving …

The negative moves dominated the currency pair, as we expected yesterday, to touch the second target to be achieved at 1.2945, posting a low of 1.2928. Technically, looking at the 60-minute chart, we find limited positive attempts from the RSI, on the other hand, we find the stochastic is still …

The sterling made positive attempts against the dollar yesterday and started attacking the psychological barrier resistance 1.3200, but was unable to breach it yet. Technically, looking at the 4-hour chart, we find that negative signs are emerging on the stochastic indicator, with the 50-day moving average still holding the price. …