The dollar incurred losses on Wednesday, November 11, as concerns about how the Covid-19 vaccine would be distributed over optimism about it, as well as the growing number of infections with the Coronavirus that causes the disease in the United States. The New Zealand dollar recovered from initial losses to …

Car sales in China rose 12.5% in October compared to the same month a year ago, marking an increase for the seventh month in a row as the world’s largest auto market continues to lead the global auto industry’s recovery from its lows with the Covid-19 pandemic. The data from …

The Japanese Nikkei Index rose to close at a new high in 29 years, as investors still hoped for a rapid global recovery from the Covid-19 pandemic, supported by developments related to the vaccine. The benchmark Nikkei Index closed 1.78% higher at 25,349.6 points, its highest close since June 1991. …

Data from the American Petroleum Institute on Tuesday showed that crude oil inventories in the United States fell sharply last week. Crude stocks fell by 5.1 million barrels in the week ending on the sixth of November to about 482 million barrels, while analysts polled by Reuters had expected a …

Oil prices jumped about 3% today, Tuesday, after hopes that a vaccine for Covid-19 looms on the horizon on concern about a drop in fuel demand due to new measures for public isolation to contain the Coronavirus Brent crude ended the world record for the nearest trading session maturity, up …

The German DAX index continued to trade on the positive side, gradually approaching the first target to be achieved at 13295, reaching a high of 13287. Technically, with the index an intraday basis above the support of 12970, and in general above 12840, with the continuation of getting a positive …

The bullish trend continues to dominate the pound’s movements against its Japanese counterpart within a bullish path, as we expected touching the second target to be achieved during the previous trading session at 139.60, recording a high of 139.77. On the technical side, today, we tend to be positive, relying …

The technical outlook remains unchanged, and the pair’s movements have not changed little to keep the bearish path after finding a strong resistance level near 1.3065 / 1.3070. Technically Speaking, and with a closer look at the 60-minute chart, we find there are limited positive attempts from the RSI, and …

Positive trades continue to dominate the movements of the pound against the US dollar within the bullish path, as we expected touching the required target located at 1.3265, posting its highest level during the morning trading of the current session at 1.3280. Technically speaking, and by looking at the 240-minute …

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