Quiet sideways trading tends to be positive, which dominated the euro against the US dollar, within a gradual upward bias that aimed to retest the strong resistance level at 1.1770. Technically, the current movements of the euro are witnessing stability below 1.1770/1.1780, and with careful consideration of the chart, we …

New orders for key US-made capital goods held steady in July, but accelerating shipments suggest that business investment in equipment could offset an expected slowdown in consumer spending and keep the economy on a solid growth path in the third quarter. The US Commerce Department said on Wednesday that the …

Gold prices fell on Wednesday, August 25, pressured by the dollar’s rise and risk appetite, while investors awaited a speech by Federal Reserve Chairman Jerome Powell this week for indications on the US Federal Reserve’s plans to reduce stimulus. And gold fell in spot transactions by about 0.5% to $ …

European stocks rose Wednesday, August 25th, and travel stocks rose for the fourth day in a row, while markets globally moved within a narrow range ahead of a policy update from the US Federal Reserve at the end of the week. The STOXX 600 index of European shares rose 0.1% …

German business confidence declined in August for the second month in a row, according to a survey published on Wednesday, August 25, as business expectations became more pessimistic about the coming months in Europe’s largest economy due to an increase in COVID-19 infections and supply bottlenecks. The Ifo institute said …

The dollar hit its lowest level in nearly a week on Wednesday, August 25th against major counterparts, as concerns eased that the highly contagious delta strain of the Coronavirus may derail the global economic recovery. Risk appetite has improved in global markets since the US Food and Drug Administration granted …

Oil prices rebounded on Wednesday, August 25, to catch a breath after a strong rally this week due to the loss of a quarter of Mexico’s production and evidence that China, the world’s largest importer of crude, has contained the latest outbreak of the Coronavirus. Brent crude futures fell 25 …

The German DAX index recorded its highest level at 15,920, near the pivotal resistance level published in the previous analysis, at 15,930, which we indicated is an essential and fundamental condition for achieving more gains. On the technical side today, we tend in our trading to the positive, but cautiously, …

Oil, Crude, trading

The GBPJPY pair saw positive moves, reaching the resistance level of 151.00, a psychological barrier. On the technical side today, we ten to the negativity in our trading, relying on the stability of below 151.00, in addition to stochastic losing the bullish momentum gradually. Therefore, the bearish bias is likely …