Oil prices rose on Tuesday, August 24 after the US Food and Drug Administration granted full approval for the use of the Pfizer-BioNTech vaccine against Covid-19, raising investors’ hopes of higher fuel demand due to a possible increase in US vaccination rates. Brent crude futures rose 46 cents, or 0.7%, …

The German Federal Statistics Office said in a revision of an earlier estimate that private consumption and government spending led to a stronger-than-expected economic recovery in Germany in the second quarter, following the easing of anti-Covid-19 restrictions. The bureau added that gross domestic product grew 1.6% in the April-June quarter, …

The German DAX index managed to touch the official target that is required to be achieved during the previous report, located at the price of 15,930, recording its highest level of 15,932. We tend in our trading to the positivity today, relying on the stability of the intraday trading above …

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bullish context, heading to touch the target of retesting the resistance published during the previous report located at 150.60 to record its highest level during the early trading of the current session 150.86. On …

The Canadian dollar succeeded in touching the bearish corrective target that is required to be touched during the last analysis, located at 1.2720, recording its lowest level at 1.2642. Technically, the stability of trading below the previously broken support level, which is now 1.2720 resistance level, supports the continuation of …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous report, explaining that we are waiting for gold prices to exit the transverse range from below above 1774 and from above below 1790, explaining that activating buying positions requires breaching 1790 targeting 1799 first target and then 1808 next station to succeed …

The single European currency benefited from the support level published in the previous analysis at 1.1665, explaining that breaking this level is a condition to continue resuming the rise and forced the pair to rebound the limited upside to retest 1.1700. On the technical side today, despite the current bullish …