China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …
Read More »The Euro Fell to Weekly Lows
EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …
Read More »Gold is Falling With The Rise of The Dollar
Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …
Read More »Oil Retreats on The Decline of US Inventories
Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …
Read More »European Shares Rise on Travel Rebound
European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …
Read More »Japan Shares Close Lower on Profit-Taking
Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …
Read More »German Dax Starts Positively
The German DAX index touched our bearish targets at 15,645, heading towards the second target of 15,610. Technically, the current moves are witnessing a slight bullish slope. We see that the index is trading above the 15,620 support level, accompanied by stochastic attempts to eliminate the present negativity. Therefore, the …
Read More »Dow Jones Trying to Launch a Bullish Attack
Oil, Crude, trading
Read More »GBP/JPY: Continues its Gradual Decline
The negative pressure continues to dominate the movements of GBP/JPY within the expected bearish context, gradually approaching the first required target of 150.70 On the technical side, the negative pressure of the simple moving averages and the apparent negativity features on the stochastic indicator. Therefore, the bearish bias is preferred …
Read More »Canadian Dollar Faces Negative Pressure
The current moves of the Canadian dollar are witnessing a bearish tendency after it found a strong resistance level near 1.2700, failed to settle above it for a long time within a bearish slope that aimed to retest the pivotal support 1.2600. Technically, we find that it started moving below …
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