The dollar fell on Tuesday, but is trading in a narrow range, as investors remain cautious ahead of inflation data due in the United States later in the day, coinciding with the start of the Federal Reserve’s two-day monetary policy meeting. The Consumer Price Index report issued by the US …
Read More »Dow Jones heading higher 13/6/2023
Oil, Crude, trading
Read More »CAD: Canadian maintains negative stability 13/6/2023
The technical outlook is unchanged, and the Canadian dollar did not witness a significant technical change, maintaining the bearish context. The pair’s intraday movements are stable below the resistance level of 1.3390. Technically, the pair breached the support level at 1.3420 and turned into a resistance level according to reciprocating …
Read More »GBP retesting support 13/6/2023
Oil, Crude, trading
Read More »Oil is facing heavy selling 13/6/2023
US crude oil futures prices incurred significant losses during the last session’s trading within the expected downside trend. It touched the official target station at 67.80, recording its lowest level at $66.8 per barrel. Technically, by looking at the 240-minute chart, we find the continuation of the negative intersection of …
Read More »Gold Gold is uniform within the sideways trend 13/6/2023
Trading tended to negatively dominate the gold movements during the first trading sessions of this week. The sideways trend is still active and active, so the technical outlook remains unchanged. Over several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated …
Read More »Euro is successfully testing support 13/6/2023
. The technical outlook is unchanged, and for several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977. From the point of view of technical analysis, gold prices witnessed positive attempts, …
Read More »CPI Preview: Forecast by 10 banks
The US Bureau of Labour Statistics is expected to release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, June 13 at 13:30 GMT. The forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation reading give insight about …
Read More »Market Drivers – US Session – 12/06/23
US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …
Read More »Global economic concerns, pessimistic outlook drag WTI lower
WTI crude oil prices have been affected by global economic concerns and a pessimistic outlook. Goldman Sachs has revised its forecast for WTI crude oil from $89 a barrel to $81 by the end of the year due to expectations of increased oil supplies from Russia and Iran. This downward …
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