Daily reviews

EURUSD

The increasing demand for safe haven assets, including the dollar, weighs on the pair. If the market sentiment doesn’t improve, which is unlikely, the pair will resume falling amid the second wave of COVID-19 in Europe and the uncertainty around the presidential election in the US.

Technical side:

The …

Thursday, October 29th, today’s news—combined market value of American tech giants dropped $270 in the last two days, but the markets start to rebound. Dow went up 200 points, European markets rise slightly on positive earnings, Shell increased dividends after reporting better-than-expected profits, but oil is still falling, dollar is …

Cisco share fell below the support level of 38.50, as it closed yesterday's trading below this level, in continuation of its bearish path.

The trades stabilized below the MA 50, which is pressuring the price for a further decline, which supports expectations for further decline in the upcoming sessions, and …

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness their rebound for the second session from its lowest since September 28, amid the US dollar index rebounding for the second session from its lowest since October 19 according …

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the second session from its lowest since September 21, when it tested its lowest since March 12 against the Japanese yen following developments and economic data that they followed …

EURUSD

The pair found support at 1.1745 amid the more positive sentiment in the stock markets after the Wednesday’s drop. If the positive sentiment prevails in the market today, and the stock markets continue to recover, expect the pair to grow locally.

Technical side:

The price is below the middle …

Wednesday, October 28th, today’s news—Deutsche Bank posted a net profit of $214 million, beating forecasts, but the shares are down amid the overall pessimism in the European markets. Uncertainty over the new stimulus and the election in the US, the pandemic weigh on the markets, France is considering a nation-wide …

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound to the fifth session in seven sessions from its lowest since September 25, when it tested its lowest since July 20 against the US dollar, following developments and economic data …

Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, overlooking the decline of the US dollar index according to the inverse relationship between them, in conjunction with the continuing activities of the meeting of senior Chinese leaders in the Central Committee …

Sberbank continues to move within the descending channel in an attempt to correct the descending path after the stock opened trades on a large price gap where the price broke through the lower bound of the ascending channel within which it was moving and also managed to breach the support …