Technical Analysis

Daily Technical analysis for May 29, 2020

The EURUSD is moving to the upside on the hourly interval, where the price rose until it reached the resistance level of 1.1100. Therefore, we expect a correcti

Daily Technical analysis for May 28, 2020

The EURUSD is moving to the upside on the hourly interval, where the price is likely to rise to the 1.1100 price level during the coming hours.

Daily Technical analysis for May 27, 2020

The EURUSD is showing volatility on the hourly interval, where the price the pair is facing the upper border of the triangle pattern and we expect it to drop in

Fundamental Analysis

European stocks fall amid rising rift between US and China

European stock indexes fell during Friday’s trading, as tensions between the world's two largest economies escalated and after the release of downbeat economic

Asian stocks mixed amid reopening optimism, Hong Kong tensions

Asian stocks were mixed on Thursday amid optimism about the possibility of the having economic recovery after reopening and ongoing concerns regarding the US-Ch

Gold hits two-week low amid reopening optimism

Gold prices fell during trading on Wednesday due to the return of optimism about the reopening of several economies, despite the intensification of US-China dif

Forex News

Euro elevates to two-month high despite weak data

The euro continued to rise against the dollar for a fourth consecutive session, on its way to record its second consecutive weekly gain, where it leaped to the

US economy shrinks 5% in Q1, claims drop to 2.1M

U.S. data released on Thursday showed that the U.S. economy dropped 5 percent in the first quarter, while the initial; jobless claims retreated to 2.1 million l

Corona imposes gloomy outlook on Japan’s exports, employment

The Japanese government gave a gloomy outlook on exports in a monthly report in May, as the world's third-largest economy suffered from the economic repercussio