The European Central Bank has shifted to a symmetric inflation target of 2% contrary to a ceiling at that level, the decision was fully expected by markets. The ECB stated it would allow short-term deviations from that goal, including a moderate spell above target. This is a step back from …

Japanese Prime Minister Yoshihide Suga approved the declaration of a state of emergency in Tokyo Thursday, July 8, in preparation for the Olympics scheduled to begin in two weeks. The declared state of emergency will continue until the end of the Olympic Games, due to fears that the organization will …

German exports rose again in May by 0.3%, indicating a continued recovery in Europe’s largest economy. The German Federal Statistics Office said Thursday, July 8 that seasonally-adjusted exports rose 0.3% month-on-month, after a downwardly revised 0.2% increase in April. Imports also rose by 3.4% month-on-month in May, topping Reuters expectations, …

Oil prices continued to plummet, amid uncertainty about the outlook for the OPEC+ agreement and output policies. Major producers are in disagreement about extending the current output cuts, which are gradually being eased, with recent talks about quotas and production levels not leading to a consensus. Brent crude futures for …

Japanese stocks fell Thursday, July 8, before the country announced the re-imposition of a state of emergency to contain the rise in COVID-19 cases, which raised fears of an economic slowdown. The benchmark Nikki index fell by 0.88% to its lowest closing level in more than two weeks at 28,118.03 …

Mixed trading dominated the Nasdaq Composite Index during the US session of the previous session, recording its highest level at 14,882, while the lowest around 14,725. On the technical side today, we tend in our trading to the positive, but with caution, relying on the stability of the daily trading …

The current movements of the German DAX index are witnessing positive trading and the index is hovering around its highest level of 15,700. On the technical side, and with the index’s success in building support floor at 15,630 and in general above 15,570, which is accompanied by the continuation of …

Oil, Crude, trading

Negative trading returned to control the movements of the pound sterling against the Japanese yen after it succeeded in confirming the breach of the support level of 152.85, touching a low of 152.00. On the technical side, we are inclined to the negativity, relying on the confirmation of the aforementioned …

The Canadian dollar achieved noticeable gains during the previous session’s trading, heading towards the awaited bullish correction tendency at 1.2410, to extend its gains, touching a high at 1.2530. Technically, and with the pair’s success in confirming the breach of 1.2410, the 61.80% Fibonacci retracement, which has now turned into …