The pound retreated against its Japanese counterpart, a noticeable decline within the expected bearish path, in which we relied on the stability of 151.10 tradings. Technically speaking, we are biased negatively depending on the negative signs coming from the stochastic indicator, in addition to trading below 151.00. We are targeting …

The Canadian dollar succeeded in continuing the bullish corrective tendency referred to during the previous analysis, touching our first target at 1.2555, recording the highest during early trading for the current session 1.2555. Technically speaking, and with the pair continuing to get a positive stimulus from the 50-day moving average, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in touching the first target required to be achieved during the previous analysis, located at a price of 1747, recording its highest level of 1747. Technically speaking, and with a closer look at the chart, we find intraday trading is stable below 1747, accompanied by the loss …

Quiet trading dominated the moves of the euro against the US dollar during the previous trading session, to find the pair a good support floor around 1.1880 within limited upside attempts to target a re-test of 1.1950. On the technical side today, and with a closer look at the 60-minute …

Monday, a document showed that Germany is expected to continue a huge deficit in spending in light of the Covid-19 pandemic, with a debt-funded supplementary budget of about 60 billion euros for the current year and a draft budget for 2022 with new net debt of 81.5 billion euros. The …

Germany’s economy is likely to contract sharply this quarter, as the service sector is hit by pandemic restrictions as the slowdown extends to a booming construction sector, the Bundesbank said on Monday. In its most recent monthly report, the central bank appears to have abandoned its expectations for a spring …

Amin Al-Nasser, CEO of Saudi Aramco, said today, Monday, that the giant national company is optimistic about the oil market and expects a strong recovery in demand. “We are very optimistic about future oil demand,” he said. He added that Aramco was undertaking engineering work to increase production capacity to …

The Federal Reserve Bank of Chicago’s National Activity Index dropped to -1.09 in February from 0.75 (revised from 0.66) in January. This reading missed the market expectation of 0.21%. “The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.17 in February from +0.34 in January,” …