Industrial Production in Germany unexpectedly fell in November, the official data showed on Friday, suggesting that the recovery in the manufacturing sector is faltering. Eurozone’s economic powerhouse’s industrial output fell by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.0% …

Negative trading dominated the movements of the German DAX index after it found a strong resistance level around 16,140, which forced it to trade negatively again and hover around its lowest level during the early trading of the current session 15,970. On the technical side, the bearish bias may be …

Oil, Crude, trading

GBP/JPY touched the mentioned bearish target during the previous report, at 156.00, recording the lowest price at 156.10. On the technical side today, despite moving above the 50-day moving average, we tend to the negativity, relying on the stability of the daily trading below the main resistance level 157.60/157.50, in …

The Canadian dollar declined after it hit the resistance of the psychological barrier 1.2800 and failed to stabilize for a long time above it, return to trading with a clear negative and retest the support level of the psychological barrier 1.2700. Technically, by carefully looking at the 4-hour chart, we …

Oil, Crude, trading

Oil, Crude, trading

Prices of the yellow metal declined noticeably during the previous trading session after it started to pressure the support level published during the last report, at 1797, gradually approaching the target of 1777, recording the lowest price of 1786. Technically, today, we notice the continuation of the negative pressure from …

Sideways bias dominates the movements of the EURUSD, between 1.1280 and 1.1350, and the negativity remains. Technically, and carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a negative pressure factor on the price, accompanied by the clear negative features on the stochastic indicator. …

Investors are still feeling their feet as the year begins and await key US data due this week. Japanese Prime Minister Fumio Kishida announced on Thursday that they will decide on a quasi-emergency declaration for parts of Japan on Friday, as reported by Reuters. A Reuters survey showed on Thursday …