Weekly statistics on fund flows from Bank of America revealed that investors bought shares of financial companies and the energy sector last week, to initiate allocations in centres before US President-elect Joe Biden announced a stimulus package of $ 1.9 trillion. The US investment bank said, based on EPFR data, …

Gold rose as the appetite for the yellow metal as a hedge against inflation was strengthened thanks to a large US package to mitigate the repercussions of Covid-19, while prices also received support thanks to a stance that tends to facilitate monetary policy on the part of the Federal Reserve …

European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery. The pan-European STOXX 600 index fell 0.5%, heading to close …

Oil prices plunged as fears about Chinese cities being subjected to general isolation measures due to the outbreak of the Coronavirus curbed a rally driven by strong import data from the world’s largest crude consumer and US plans for a stimulus package. Brent fell 46 cents, or 0.8%, to $ …

Positive trading dominated the Bitcoin, surpassing the second target required to be achieved during the previous technical report at 38,220, to post high at 39,943. Technically, the current moves are witnessing a slight bearish slope due to the RSI gradually losing upward momentum over short time frames. We tend to …

The German DAX index maintains positive stability, recording its highest level during early trading for the current session at 14,015. On the technical side today, we are biased towards the intraday positivity depending on the intraday trading stability above the support level 13,910 and generally above the pivotal support floor …

The Dow Jones Industrial Average declined significantly on Wall Street within the expected negative outlook, surpassing the target of the second downward correction at 30,775, to post low at 30,694. On the technical side today, after the index found a solid resistance level around 31,020, in addition to the clear …

Against the Japanese yen, the pound was able to touch the first target required to be achieved during the previous trading session at 142.20, recording high at of 142.25. On the technical side, intraday trading is witnessing a slight bearish tendency as a result of the collision with the psychological …

The Canadian dollar declined, cancelling the bullish correction look, as we expected, in which we relied on trading stability above the support floor of 1.2680 touching the stop-loss order at the aforementioned level, as a reminder that we also indicated that any trading below 1.2680 will stop the required upward …

Oil, Crude, trading