Oil, Crude, trading

The German DAX index records its highest levels in history, supported by the IFO index, which recorded its highest reading in two years, and supported by news that the largest residential real estate group in Europe, Vonovia and , has agreed to acquire its rival Deutsche Wohnen for about 18 …

Today’s survey showed that business confidence in Germany improved more than expected in May, with growing business optimism in light of the decline in coronavirus cases and cautious steps towards resuming activities of Europe’s largest economy. The IFO Institute said its business climate index rose to 99.2 from a revised …

European stocks hit unprecedented levels on Tuesday, as investors were optimistic on the back of a $1 billion takeover that brought together two of Germany’s biggest real estate developers and comments that calmed inflation concerns. The pan-European STOXX 600 index rose 0.3% to 446.44 points, its highest level ever. The …

Data on Tuesday showed that the German economy contracted by more than expected 1.8% on a quarterly basis in the first three months of the year, as restrictions linked to the Coronavirus squandered private consumption in Europe’s largest economy. The Federal Statistics Office said gross domestic product shrank 3.1% year-on-year. …

Japanese stocks closed higher on Tuesday as heavy domestic tech stocks were supported by a strong Nasdaq close overnight, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains. The Nikkei rose 0.67% to close at 28,553.98, while the Topix index rose …

The Dow Jones Industrial Average touched the first target required to be achieved during the previous analysis, located at 34,345, recording a high of 34,426. On the technical side today, the bullish bias is still likely today, dependent on the RSI’s continued defense of the upside, in addition to stochastic …

The current moves of the British pound against the Japanese yen are witnessing a slight bullish tendency, benefiting from building on the support level of 153.60. On the technical side today, we tend to be positive, but cautiously depending on the positive motive of the 50-day moving average, in addition …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly within narrow-range sideways trades that tend to be negative, controlling the movements of the US dollar against its Canadian counterpart, capped between 1.2030 and 1.2100. In terms of technical analysis today, trading remains below 1.2090 supports negativity …

Oil, Crude, trading