The Manufacturing PMI in Eurozone’s economic powerhouse came in at 57.6 this month vs. 56.9 expected and 57.8 prior. The index hit fresh ten-month lows. Services PMI reached two-month highs of 53.4 in November as against 51.5 estimated and 52.4 previous. The Eurozone manufacturing sector activity improved more than expected …

Oil prices fell on Tuesday after rising in the previous session, as a result of talk that the United States, Japan, and India will release crude oil reserves to bring prices down, despite the risk of faltering demand due to the spread of coronavirus cases in Europe. A source familiar …

The primary resistance levels published during the technical analysis yesterday, represented by our first target for the DAX index at 16,190, were able to limit the bullish bias, forcing the index to trade negatively again after touching the required target. On the technical side, we tend to be negative in …

Oil, Crude, trading

The GBP/JPY pair is trading with noticeable positivity, after it succeeded in building on the support floor published during the previous analysis, at 153.50, approaching by a few points from the first target that is required to be touched at 154.30, recording the highest during the morning trading session at …

The Canadian dollar managed to touch the second official target of the bullish corrective slope published during the last analysis, at 1.2720, recording its highest level during the early trading of today’s session 1.2716. Technically and by looking at the 4-hour chart, we notice that the simple moving averages continue …

Oil, Crude, trading

Oil, Crude, trading

Gold prices experienced intense selling during the previous session’s trading. As we mentioned during the last analysis, signs of weakness in the bullish trend began to appear, surpassing the second official target 1830, recording the lowest of 1802. Technically, we notice the beginning of a bearish technical structure that supports …

The euro against was able to reach the first price target published during the previous analysis against the US dollar at 1.1220, recording its lowest level during the last trading session of 1.1225. Technically, Stability below the simple moving averages supports the bearish curve in prices and gains solid bearish …