Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …

The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …

Japanese stocks tumbled to a three-week low today, Tuesday, as investors reaped profits after record gains over the past two months, amid fears that a new strain of the rapidly spreading Coronavirus discovered in Britain would undermine the speed of the global economic recovery. The Nikkei fell 1.04%, the biggest …

Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …

The British pound fell against the Japanese yen yesterday, reaching a low of 136.96. On the technical side, and with the pair’s success in breaking the support level 139.10, which is now converted into a resistance level, accompanied by the continued negative pressure coming from the simple moving averages. From …

The Canadian dollar showed noticeable gains during the previous trading session, heading for the retest target to be achieved at 1.2940, to record its highest level at 1.2957. Technically speaking and with the pair’s success in surpassing the previous breached resistance level of 1.2770, which has now turned into a …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades dominated the yellow metal prices yesterday within random movements that tended to be negative, recording its lowest level at 1855. Technically, and by looking at the 240-minute chart, we found a conflict between the clear negativity on the stochastic indicator, which supports the continuation of the decline, and …

Mixed trades dominated the movements of the euro against the US dollar during the previous trading session, heading to touch the first target 1.2150 and approached a few points difference from the second target 1.2110, to record its lowest level at 1.2130. Technically, and with a closer look at the …