Eurozone’s investor sentiment continues to improve as a trend in June, the latest data published by the Sentix research group showed on Monday. The gauge rose to 28.1 in June from 21.0 in May vs. a reading of 26.0 expected. The index advanced for the fourth straight month on reopening …
Read More »European Shares Retreat From Record Highs on Commodities
European shares slipped on Monday from all-time highs, with commodity stocks leading losses, as sentiment weighed after weaker-than-expected Chinese trade data and inflation concerns. Mining stocks fell more than 1% as copper prices fell after the below-expected Chinese export data raised fears of weak demand for the metal. Oil and …
Read More »An Unexpected Drop in German Industrial Orders in April
Today’s data showed German industrial orders unexpectedly fell in April due to lower domestic demand, indicating that manufacturers in Europe’s largest economy are still affected by the closures aimed at containing the Coronavirus pandemic. Data published by the federal statistics offices showed that orders for industrial goods fell 0.2%, after …
Read More »Japan Shares Rise on US Jobs Data
Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week. The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching …
Read More »German Dax is Based on Support
The German DAX index managed to achieve the first required target during the previous analysis, which is located at the price of 15,700, recording its highest level at 15,702. On the technical side, today, we are inclined to the positivity, with the index continuing to obtain a positive stimulus from …
Read More »Dow Jones Maintains Gains
We adhered to intraday neutrality during the previous analysis, due to the high-risk rates as a result of conflicting technical signals, explaining that activating the buying positions requires witnessing a clear and strong breach of the resistance level 34,660, and that may enhance the chances of rising towards 34,720 to …
Read More »GBP/JPY:ِ Negative Pressure Remains
Narrow sideways trading dominates the movements of the pound sterling against the Japanese yen, trapped between the support of 155.00 and the resistance level of 156.00 On the technical side today, we tend to the negative side, but with caution, relying on the stability of trading below 155.60, accompanied by …
Read More »Canadian Dollar: Trying To Maintain The Bullish Corrective Slope
The Canadian dollar was able to rise well within the bullish corrective slope published in the last analysis, through which we targeted 1.2150 to record the highest level at 1.2135. Technically, and by looking at the 60-minute chart, we are inclined to the positivity, relying on the attempts of the …
Read More »GBP/USD is Trading in a Sideways Range
Oil, Crude, trading
Read More »Crude Oil Continues Its Upward Journey
Oil, Crude, trading
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