Gold prices rose Thursday, November 12th, after falling by more than 1% in the previous session, after the impact of fears of the economic repercussions of the increase in cases of Covid-19 outweighed positive developments regarding a vaccine for the disease. By 05:49 GMT, spot gold prices rose 0.2% to …

The Nikkei index closed Thursday, November 12th, near its 29-and-a-half year high as technology stocks tracked their US counterparts, but gains were capped by profit-taking selling following a surge fueled by optimism about developments related to a Covid-19 vaccine. The Nikkei index rose 0.68% to 25,520.88 points, after reaching its …

The preliminary reading of the third quarter 2020 UK GDP came in at 15.5% QoQ vs. 15.8% expected and -19.8% last while on an annualized basis the figure stood at -9.6% vs. -9.4% expected and -21.5% seen previously.

Oil prices rose during morning trading today, Thursday, extending the week’s gains to more than 11% on mounting hopes that oil producers will be Reversing Oversupply due to increasing Coronavirus cases. West Texas futures rose about 12 cents, recording $ 41.57 a barrel. While Brent futures rose by 9 cents, …

The DAX opened on a bullish bias, taking advantage of building a base on support floor at 13045. The technicals indicate the potential for the rally to resume, given the positive stimulus from the 50 SMA that is holding the price, in addition to the index continuing to gain upward …

Positive trading dominated the pound’s moves against the Japanese yen within the expected bullish path, touching the first target to be achieved yesterday at 140.10 / 140.15, recording a high of 140.31. On the technical side, the current trading is witnessing a slight bearish slope under pressure from the negative …

The Dow Jones Industrial Average maintains its recent gains after successfully establishing a good support floor near the 29060 level. Technically today, we find RSI continues to defend the upside, in addition to building the index price above the aforementioned support level accompanied by the positive stimulus of the 50-day …

Positive trading returned to dominate the Canadian dollar after several consecutive sessions of a strong decline within positive attempts to breach the resistance level at 1.3065. Technically, the simple moving averages started holding the price from the bottom, accompanied by the RSI gaining bullish momentum over the short term. Thus, …

The British Pound succeeded in achieving the positive outlook, as we expected, touching the first target to be achieved at 1.3310, to hit its highest level at 1.3113. Technially, and with a closer look at the 4-hour chart, we find positive crossover signs appearing on the stochastic, supporting the return …

Oil, Crude, trading