The headline German IFO Business Climate Index unexpectedly jumped to 95.7 in January versus last month’s 94.7 and the consensus estimates of 94.7. Meanwhile, the Current Economic Assessment dropped to 96.1 points in the reported month as compared to last month’s 96.9 and 96.1 anticipated. The IFO Expectations Index – …

IBM shares jumped 7% in after-hours trading on Monday, January 24, after the software and services company said revenue jumped 6% in the fourth quarter, beating expectations. Revenue came in at $16.7 billion, versus analyst expectations of $15.96 billion, according to Refinitiv. The company showed the fastest revenue growth since …

Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose 60 cents, or 0.7 percent, to $86.87 a barrel, after falling 1.8 percent in the previous session. US …

Oil, Crude, trading

GBP/JPY continues the negative movements after it failed to maintain trading above the support level of 153.70 and recorded its lowest level during the last session at 152.90. Technically, today, we tend to the negativity, relying on the price stability below the previously broken support level, which is now turned …

The Canadian dollar provided positive movements during the previous trading session, after it succeeded in establishing a solid support floor around the bottom of 1.2465, to return to the bullish rebound, attacking the resistance level of the psychological barrier 1.2700. Technically, the pair managed to breach the upside and settle …

Oil, Crude, trading

Oil, Crude, trading

Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …

The Euro started pressure on the solid support level at 1.1280 in a negative trading session yesterday, after the single European currency found selling orders at the main supply point 1.1380. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the simple moving averages. …