The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

Oil prices touched a multi-month high on Monday, thanks to expectations that OPEC and allied producers may restrict production at current levels in February as the coronavirus pandemic keeps first-half demand concerns high. Prices rose in line with the financial markets in general, while Brent crude reached $ 53.17 a …

Gold prices began the new year at a high level and rose to a peak of eight weeks Monday, as gold’s appeal as a safe haven was strengthened by the increase in COVID-19 infections and the possibility of tighter restrictions imposed to contain the pandemic. And gold rose in the …

Japan shares closed lower on Monday after Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in Tokyo and surrounding areas to contain the spike in coronavirus infections domestically. The Nikkei index fell 0.68% to 27,258.38 points on its first trading day in 2021, its biggest …

Bitcoin achieved new record gains, reaching its highest levels of 33,565, to start its first daily trading on a rising price gap. On the technical side, we tend to be positive, depending on the stability of trading above 32,810 accompanied by the positive motivation of the 50 days moving average. …

The German DAX found a strong resistance level around 13,780, which is currently pressing prices on the short time frames. Technically, we tend to be negative, depending on the clear negative signals on the RSI, in addition to the intraday stability below 13,470. Therefore, we believe that there is a …

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street, posting its highest level at 30,526. On the technical side, we see the RSI stable above the 50 midline, trying to obtain more bullish momentum, and the simple moving averages support the upside. From here, with …

The pound’s current moves against the Japanese yen are witnessing a downward slope after a failure to hold a long time above the 141.00 level. On the 60-minute time frame, we see the RSI indicator gradually losing the bullish momentum, accompanied by clear negative signs on Stochastic. From here, with …

The Canadian dollar continues to achieve gains against its US counterpart, to find the pair now hovering around the psychological barrier support level of 1.2700. Technically, we see that the simple moving averages continue to support the bearish curve, but we find the stochastic trading around oversold areas. Although the …

Oil, Crude, trading