UK inflation rose to a 30-year high in December, as rising energy costs, rising demand and supply chain problems continued to push up consumer prices. The inflation rate reached 5.4% annually, the highest level since March 1992, and an increase from 5.1% in November, which is itself the highest level …

The German DAX index failed to achieve the temporary positive outlook published during the previous analysis. We mentioned that breaking 15,880 puts the index’s price under intense negative pressure, targeting 15,800, to record the lowest price of 15,655. Technically, and carefully looking at the 4-hour chart, we notice that the …

Oil, Crude, trading

Negative trading has regained control over the movements of GBP/JPY after it failed to maintain trading above the 155.90 support level, which forced the pair to trade with clear negativity during the early trading of the current session. On the technical side today, we notice the negative pressure coming from …

The technical outlook is unchanged and the movements of the US dollar against the Canadian dollar did not change significantly, maintaining the same technical conditions of the previous session. Technically, there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility …

Oil, Crude, trading

Oil, Crude, trading

The movements of the yellow metal witnessed a negative trading session yesterday, and as a reminder, we indicated that we are waiting to confirm the breach of the 1810 level, and this increases the negativity to target 1803 so that gold approaches the required target, recording 1805 Technically, and carefully …

Within the expected bearish context, the single European currency declined significantly against the US dollar. Therefore, we relied on confirming the breach of 1.1370, explaining that this opens the way to visit the first target, 1.1320, to record the euro as low as 1.1315. Technically, today, and by looking at …

Goldman Sachs Group Inc. has released its financial results for the last quarter of 2021. The bank said operating expenses reached 23% in 2021, the highest since 2007. Earnings per share for the fourth quarter were $10.81, and expectations were for $11.77. Thus, Goldman Sachs profits fell 13% to $3.94 …