Japanese stocks fell on Friday and recorded their biggest weekly loss in three months as sentiment hurt by mixed business reports, high cases of Coronavirus and the uncertainty surrounding the US presidential election. The benchmark Nikkei index fell 1.52% to 22,977.13 points. The index fell 2.3% this week, the biggest …

Data on Friday showed that German retail sales fell more than expected in September, dampening hopes that household spending will lead to a strong recovery in Europe’s largest economy in the third quarter after the first wave of the Covid-19 pandemic. The Federal Statistics Office said retail sales fell 2.2% …

Global oil prices fell by more than 1%, to continue to suffer losses and heading towards the second monthly decline due to growing fears that the high number of Covid-19 cases in Europe and the United States may harm fuel consumption. Brent crude fell for the third day, and fell …

The intraday movements of the German DAX index are witnessing a slight bullish tendency after a series of drops. Technically, the index is trying to settle above the support floor at 11440, and the RSI indicator strengthens the possibility that we will witness a slight bullish bias over short periods …

Negative trading dominated the moves of the Dow Jones Industrial Average within the expected bearish path in the previous analysis, touching the required target at 26360, posting a low at 25950. Technically, we expect a bearish bias today, with trading consolidating below 26650, in addition to the RSI stabilizing below …

The pound retreated against the Japanese yen, as we expected. We made clear that breaking 135.15 is a negative pressure factor forcing the pair to touch 134.30, posting its lowest level in early trading at 134.40. Technically, looking at the 60-minute chart, we see the RSI indicator has started to …

The Canadian dollar was trading in a positive range after it succeeded in confirming the breach of the 1.3330 resistance level, to consolidate its gains near the psychological barrier of 1.3400. Technically, we believe that the continuation of the rally is intact, given the positive stimulus from the 50-day moving …

The British Pound was able to reach the required downside target mentioned in the previous analysis at 1.2920, recording a low of 1.2880. Technically, we are biased towards the negative side, given the pair’s success in confirming the breach of the support level of 1.2970, which is now turned into …

Oil, Crude, trading

Gold prices witnessed a noticeable decline during the previous session’s trading towards the first official target for the downside wave, as we expected at 1860. Technically, the daily trend is still bearish, given the consolidation of intraday trading below the previous broken support 1882, with the continued negative pressure of …