Negative trading dominated the pound’s movements against its Japanese counterpart, as we expected, surpassing the second target to be achieved at 135.40, posting a low of 134.87. Technically, the current moves are witnessing a slight upward slope, as the pair benefits from building temporarily above 135.50 in addition to the …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …

The sterling reversed the expected bullish path in the previous analysis, in which we relied on the pair’s attempts to consolidate above 1.3000, we made it clear that trading below the psychological barrier of 1.3000 will stop any attempts to rise and put the price under new negative pressure, its …

Oil, Crude, trading

The yellow metal remained negatively trading in the previous trading session within the expected bearish path, touching the bearish targets published in the previous analysis at 1885, recording a low at 1869. Technically, gold has succeeded in confirming a break of the pivotal support turned into resistance at 1901, Fibonacci …

The single currency fell significantly during the previous session, as we expected yesterday to touch the target at 1.1720, posting a low of 1.1717. Technically, looking at the 4-hour chart, we find that the SMA-50 continues to exert negative pressure on the price, while we find that the pair found …

Major US stock indices opened lower on Wednesday as Corona virus infections grew at an alarming rate in the United States and Europe, dashing hopes for a speedy recovery for the global economy. The Dow Jones Industrial Average fell 361.05 points, equivalent to 1.31%, to 27,102.14 points, and the S&P …

The European Commission has urged the EU governments to step up the response to the coronavirus pandemic amid the alarming spike in infections, Reuters reported on Wednesday. “EU Commission calls for coordinated testing strategies in EU states, recommends the use of antigen tests.”“EU extends to April 2021 suspension of customs …

The US merchandise trade deficit decreased sharply in September while exports increased to support expectations of record economic growth Q3. The US Commerce Department said on Wednesday that the merchandise trade deficit fell 4.5% last month to $ 79.4 billion. “Exports of goods for September were $122.0 billion, $3.2 billion …

Oil prices plunged on Wednesday, giving up the gains they had made the previous day, as an increase in US crude stocks and a rise in coronavirus cases in Europe and the United States fueled concerns about oversupply and weak demand for fuel. Brent crude futures fell $ 1.60 to …