The UK is on the way to dispense with the covid-19 social distancing rule before the end of next month, which requires people to stay at least one meter away, according to Prime Minister Boris Johnson. The British government is proceeding according to a roadmap it has set for itself …
Read More »Gold Retreating From a Two-Month High And the Dollar’s Strength Limits its Appeal
Gold prices fell from their highest level in more than two months today, Tuesday, as the dollar’s recovery limited the metal’s appeal as a safe haven, while investors speculate that the US economic recovery at a faster than expected pace may lead to a hike in interest rates. And gold …
Read More »Car Sales in Turkey Increased 132.4% Year-on-Year in April
The Turkish auto distributors association said on Tuesday that sales of passenger cars and light commercial vehicles in Turkey jumped 132.4% year on year in April to 61,488 units. The union added that sales increased 72.4% annually from January to April.
Read More »Currencies Overview: Dollar Rising as Economic Data And Its Impact on Interest Rates Are Anticipated
The dollar has turned higher in Asian trading, halting a month-long downturn, as investors are working to see if the major US economic recovery may push interest rates higher, as they await upcoming economic data and policy speeches for indicators. The US currency rose 0.2% against the yen, euro and …
Read More »Saudi Aramco Beats Q1 Profit Forecast
Saudi Aramco announced a 30% increase in net profits to 81.4 billion riyals (about $21.7 billion) in the first quarter of 2021, compared to the same quarter of the previous year, and analysts had expected a net profit of 19.48 billion dollars. In a statement on the Saudi Stock Exchange …
Read More »Oil Declining But The Optimism of Demand Growth in America and Europe Keeps Prices Support
Oil prices plunged today, erasing gains made earlier in the session after more US states eased lockdown measures and the European Union sought to attract travelers, which helped offset concerns about fuel demand in India as the pace of Covid-19 infections accelerated. Prior to the opening of European indices, Brent …
Read More »Bitcoin May Witness a Temporary Downturn
Positive trading dominated the movements of Bitcoin during the previous trading session, explaining that the confirmation of the breach of the resistance level 57,180 facilitates the way to visit 58,165, and then 59,100, recording its highest price of 58,860. On the technical side, today we may witness a bearish tendency …
Read More »DAX is Building Above Support
The German DAX index returned to stability above the pivotal support at 15,200, which forced it to rebound to the upside, recording its highest level at 15,280. On the technical side, today we tend to be positive, relying on the stability of trading above 15,200 in addition to the positive …
Read More »Dow Jones Touches The Required Targets
The Dow Jones Industrial Average was able to achieve our bullish targets published in the previous analysis, touching the first target located at 34,040/34,050 and approaching a few points difference from the second target 34,150, to record its highest level at 34,120. On the technical side today, and with a …
Read More »GBP/JPY Attacks the Resistance And Positivity Remains
The British pound rose against its Japanese counterpart during the previous session, canceling the negative outlook as we expected and touching the stop loss order published during the previous analysis at 151.60, to hit its highest level near the psychological barrier of 152.00. On the technical side, today, with the …
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