Britain’s inflation rate hit its highest level in more than nine years last month after the biggest monthly jump to the annual rate in at least 24 years, in large part due to an extraordinary increase due to a program to cut food prices last year. Consumer prices rose 3.2% …

European shares fell Wednesday, September 15th on concerns about a slowdown in the Chinese economy, a decline in travel and leisure stocks, and rising inflation in Britain, and the impact on sentiment in early trade. By 07:11 GMT, the European STOXX600 index was down by 0.1%. Asian shares fell after …

Oil prices rose on Wednesday, September 15th, after data showed a larger-than-expected decline in crude stocks in the United States, the largest consumer of fuel in the world, in addition to expectations of a recovery in demand with the expansion of vaccinations. But the decline in China’s consumption of crude …

The current movements of the German DAX index are witnessing a bearish tendency after it failed to stabilize above the 15,750 resistance level. Technically, today we tend to the negativity, relying on the negative pressure coming from the simple moving average that continues to pressure the price and RSI below …

Oil, Crude, trading

The British pound managed to touch the first target required at 152.80, then declined quickly towards 151.00. Technically, with the negative pressure of the simple moving averages and the apparent negativity features on the stochastic indicator. Therefore, the bearish bias is preferred today, provided that we confirm the breach of …

The Canadian dollar built on the pivotal support floor published in the previous analysis, at 1.2600, succeeded in stopping the bearish bias and forced the pair to rebound to the upside again to retest the resistance level of 1.2720. Technically, we find the 50-day moving average that returned to hold …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the movements of gold during the previous trading session, nullifying the negative outlook as we expected, in which we relied on trading below the 1799 resistance level; we mentioned that any trading above 1799 would immediately stop the bearish tendency and lead gold to record positive targets …