The European euro fell on Monday, approaching its lowest level in 16 months, on the back of growing fears of the repercussions of the new restrictions to besiege Covid-19 in Europe, at a time when Austria began a complete closure, while Germany considers emulating it. Austria began its fourth closure, …
Read More »European Shares Rise Amid Mergers And Acquisitions in The Telecom Sector
European shares rose Monday, November 22nd, boosted by a rally in telecoms stocks, and the European STOXX600 index rose 0.3% to offset Friday’s declines after Austria announced new lockdown measures to combat the COVID-19 pandemic and neighboring Germany hinted it might follow suit. Telecom shares rose 0.9%, supported by shares …
Read More »The Turkish lira is Recovering From Unprecedented Declines
The Turkish lira rose to less than 11.2 against the dollar on Monday, November 22, after hitting an unprecedented low late last week, after the central bank cut interest rates again under pressure from President Recep Tayyip Erdogan, and indicated that more monetary easing is coming. The lira was at …
Read More »Gold is Back on The Bullish Track Again
Gold fell in Monday morning trading in Asia but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80. The dollar, which usually moves in reverse …
Read More »Market Drivers – Asian Session 22-11-2021
Gold fell in Monday morning trading in Asia, but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80 by 11:17 PM ET. The dollar, which …
Read More »Oil Prices Fell to The Lowest Level in Seven Weeks, Why?
Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …
Read More »Dax is Looking For Extra Momentum
The German DAX index hit the vital supply area published during the previous analysis, at 16,290. We indicated during the last analysis that its breach is a condition of obtaining more rise. Today’s technical aspect indicates the possibility of continuing the daily bearish trend. Still, with a closer look at …
Read More »Dow Jones is Looking For Confirmation
Oil, Crude, trading
Read More »GBP/JPY: Achieves Positive Goals
GBP/JPY succeeded in achieving the first ascending target at the price of 154.50, which must be touched, during the report issued last Friday, recording the highest price of 154.47. Technically, we tend to a positive trading session, relying on the positive motive of the 50-day moving average, which continues to …
Read More »The Canadian Dollar Resumes The Bullish Attack
Noticeable positive trades dominated the US dollar against the Canadian dollar within the idea of the expected bullish correction during all reports of the past week, benefiting from establishing a solid support floor around 1.2500, recording the highest level at 1.2662. Technically, the price has consolidated above the support level …
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