European stocks’ 10-day gains were halted Monday, August 16th, following an unexpected slowdown in China’s economic indicators, with commodity-related stocks posting the biggest loss. The STOXX 600 index of the most important European shares fell 0.5% in early trading, retreating from record levels last week. Oil and mining shares fell …
Read More »China’s Retail Sales Growth Slows More Than Expected in July to 8.5%
Chinese retail sales rose 8.5% in July, less than expected at 11.5%, according to analysts polled by Reuters. Chinese retail sales rose 12.5% in June. Auto-related sales, the largest component of retail sales by value, were the only category to decline in July, declining 1.8% year-on-year. Industrial production grew by …
Read More »Oil Falls on Expectations of Lower Demand From China
Oil prices fell more than 1% on Monday, August 16, falling for a third session, after official data showed a slowdown in refining productivity and economic activity in China, in a sign that the new outbreak of Covid-19 is denting the world’s second-largest economy. Brent crude fell 90 cents, or …
Read More »German Dax Rebounding And Positivity Has Conditions
The bullish slant dominated the movements of the German DAX index within the expected bullish path during the previous analysis, touching the first target at 15,990 and approaching by a few points from the 2nd at 16,060, recording a high of 16,030. On the technical side, the pair’s pivoting above …
Read More »Dow Jones Industrial Average May Witness a Temporary Downward Slope
Oil, Crude, trading
Read More »GBP/JPY: Settled Below Resistance
The British pound against its Japanese counterpart was able to touch the first official target required to be achieved during the previous analysis, 152.00, recording the lowest of 151.99. On the technical side, today, we prefer to maintain our short positions, relying on the negativity of the stochastic indicator, which …
Read More »CAD is on a Narrow Path And Maintains Positive Stability
The Canadian dollar did not show any movement during the previous trading session and continues to maintain trading above the 1.2500 support level. Technically, the pair maintains stability above the pivotal support floor 1.2500, 38.20% Fibonacci correction, accompanied by stochastic attempts to gain additional momentum. Therefore, we will keep our …
Read More »Sterling Based on Support And Positivity Remains
Oil, Crude, trading
Read More »US Crude Oil Faces Selling Pressure
Oil, Crude, trading
Read More »Gold: Eyes on $1800 Levels
Gold prices made noticeable gains last Friday, within the expected bullish context during the previous analysis, touching the official target station 1768, recording the highest level of 1800. Technically, and by looking at the 4-hour chart, the prices settled above 1768 represented by the 61.80% Fibonacci correction as shown on …
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