Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half …
Read More »Nikkei closes at its lowest level in a month
The Japanese Nikkei index closed at its lowest level in more than a month on Wednesday, extending losses for the fourth consecutive session, as investors await the Federal Reserve’s decisions later on Wednesday, which may witness a greater tendency to tighten monetary policy. The Nikkei closed down 1.14 percent at …
Read More »Dow Jones continues to lose 15/6/2022
Oil, Crude, trading
Read More »GBP/JPY: extends losses 15/6/2022
The British pound extended its losses against its Japanese counterpart after failing to maintain trading and stability above the 163.00 level, recording its lowest price during the last session, 161.35. On the technical side, we tend to the negativity, relying on the pair’s continuing negative pressure from the simple moving …
Read More »CAD is making remarkable gains 15/6/2022
The Canadian dollar continues its bullish movements within the bearish context published during the previous analysis, touching our required official target at 1.2910 to record the highest level at 1.21975. Technically, the current movements of the pair are witnessing a limited bearish tendency as a result of reaching the overbought …
Read More »GBP takes heavy hits from the USD 15/6/2022
Oil, Crude, trading
Read More »Gold confirms the break 15/6/2022
Gold incurred noticeable losses during the previous trading session after it failed to maintain trading above 1850, confirming the break of 1838, explaining in the last report that breaking the mentioned levels is a sign of a shift in the trend to the downside, with targets of 1831 and 1810, …
Read More »The Euro may witness a bullish tendency 15/6/2022
The euro continues to decline against the US dollar within a solid bearish trend that dominates the pair’s movements, as we expected, touching the target price station during the last report at 1.0430, recording its lowest level during the previous trading session 1.0397. On the technical side today, and with …
Read More »Market Drivers – US Session – Tuesday, June 14
The American dollar kept advancing on Tuesday, and retains its strength early Wednesday, as fear rules financial markets ahead of the US Federal Reserve policy decision.Market players had long ago anticipated a 50 bps hike, but on Monday, market talks suggested the central bank may go for a steeper hike …
Read More »White House Adviser: Focus is on bringing down costs and Federal deficit
“US economy is in a transition,” said White House Economic Adviser Brian Deese during an interview with CNN on Tuesday.The policymaker also signaled the WH’s aim to ease the price pressure and the Federal deficit during the interview.Such comments from the key diplomat ahead of the FOMC decision, up for …
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