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GBP/JPY could achieve the idea of retesting the required target during the previous analysis published at the end of last week’s trading, touching the target of 165.70, recording its lowest level at 165.17. Technically, the current moves are witnessing attempts to stabilize above the 50-day simple moving average and the …

Notable gains were achieved by the Canadian dollar within the expected bullish path during the previous report, touching the extended target required to be touched at 1.2810, recording its highest level during the early morning trading of today’s session at 1.2820. Technically, and by looking at the 4-hour chart, we …

Oil, Crude, trading

Gold’s movements witnessed strong trading at the end of the last week’s trading, heading to touch the second bearish target published last Friday at 1825, recording its lowest level at 1825, resuming the strong bullish rebound recording its highest level at 1879. On the technical side today, the pair achieved …

A strong bearish trend dominated the movements of the euro against the US dollar within the expected negative outlook, reaching the official target at 1.0520, recording its lowest level during the first trading of this week at 1.0475. Technically, looking at the 240-minute chart, we notice the pair’s failure to …

The dollar rose to a nearly four-week high against a basket of currencies on Friday, after data showed US consumer prices accelerated in May, suggesting the Federal Reserve may have to keep raising interest rates until September to combat inflation. In the 12 months to May, the US consumer price …

The US Dollar Index, a measure of the dollar’s value, is advancing 0.84%, sitting at 104.177, while the US 10-year benchmark note rises 21 basis points and is up at 3.154%.As investors expect an aggressive US Fed, USD/CHF rallies 0.80% post US hot inflation. Elevated US Treasury yields lifted the …

The Consumer Price Index published on Friday by the Bureau of Labor Statistics hiked by 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected.Federal Reserve policymakers tasked with bringing prices back down could likely to take clues from May’s CPI report on …

gold prices are soaring on Friday despite higher US yields and a stronger dollar. The Gold Index XAU/USD rebounded again at the $1830 but this time it broke $1850 and a few minutes later reach $1870, and even $1874 at the time of writing.Following the US May CPI report, XAU/USD …

Financial Japanese authorities had a meeting to address the weaker JPY and have agreed to act if the yen continues weakening. Despite falling on threats of an intervention by Japan, the GBP/JPY pair managed to gain 1.30% within a week.The GBP/JPY pair fell on Friday and trimmed weekly gains of …