The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. The Nikkei average rose 1.4 …

The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. This per capita consumption decreased …

Japanese stocks jumped on Wednesday as investors raised hopes that the impact of the omicron on the global economy will be less than initially expected. The Nikkei average rose 1.4 percent to 28,860.62, its highest closing level since November 25. The broader Topix index advanced 0.6 percent to 2002.24 points. …

The German DAX index jumped, achieving substantial gains, recording its highest level at 15,840 after breaching the resistance level of 15,480. Technically, we are inclined to the positivity, relying on the stability of trading above 15,480, accompanied by the positive motive of the 50-day moving average, and stochastic around the …

Oil, Crude, trading

Mixed trading dominated the movements of the pound sterling against the Japanese yen, canceling the positive outlook, as we expected during the previous analysis, recording its lowest level at 150.12.a On the technical side, the pair’s current moves are witnessing stability below the resistance level of 151.00. We notice the …

The Canadian dollar achieved the expected negative outlook during yesterday’s trading session, touching the second target around 1.2665, recording its lowest level at 1.2635 during the morning trading of the current session. Technically, the pair broke the strong support level 1.2730, 23.60% correction, and the mentioned level turned into a …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first bearish target mentioned in the previous technical report, at 1774, recording its lowest price of 1772, to return to the bullish rebound, taking advantage of the strong demand area. The technical aspect today is as it is. Despite the temporary bullish bounce, gold …