Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …
Read More »Oil Near The Peak of 2018 Before The OPEC+ Meeting
Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …
Read More »Weekly Recap: 21-25 June
It’s been an eventful week, from Powell’s testimony, BoE decision, inflation data, and PMI. Here’s a look at the highlights of the past week. Dollar Since the opening of the US session on Friday, the dollar has struggled to maintain the bullish trend after the emergence of the second consecutive …
Read More »Inflation Woes Keep European Shares Below All-Time Highs
European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …
Read More »Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data
Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week. The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 …
Read More »German Dax Establishes a Decent Support Ground
Positive trading continues to dominate the movements of the German DAX index within the expected bullish path, heading towards its first target 15,610, recording its highest level 15,618. Technically, we will maintain our positive outlook, relying on the stability of trading above the 15,540 support level, accompanied by the continuation …
Read More »Dow Jones Achieves The Extended Goal
Oil, Crude, trading
Read More »GBP/JPY:ِ Facing Negative Pressure
Negative trading dominated the movements of the pound sterling against its Japanese counterpart, nullifying the positive outlook as we expected and touching the stop losses order, published in the previous analysis at 153.60. On the technical side, we are inclined to the negativity, relying on the pair’s success in breaking …
Read More »Canadian Dollar: Attacks The Resistance
The Canadian dollar maintains its bullish corrective bias attempts, built on a support floor near the 1.2240/1.2230 level. Technically, the Canadian starts attacking the previously broken support level, which is now turned to the 1.2330 resistance level, 50.0% Fibonacci correction. Coming from the 50-day moving average. Therefore, the pair’s success …
Read More »GBP/USD: Begins to Pressure Support
Oil, Crude, trading
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