Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …
Read More »Dow Jones may witness a decline 24/5/2022
Oil, Crude, trading
Read More »GBP/JPY: is getting negative signals 24/5/2022
Mixed trading continues to dominate the pound’s movements against its Japanese counterpart, with the opening of this week’s trading failing to stabilize for a long time above the 161.00 level. On the technical side, we are inclined in our trading to the negative, relying on the clear negative signs on …
Read More »CAD is waiting for pending orders 24/5/2022
Trading tilted to the negative, which dominated the Canadian dollar’s movements yesterday, to find a solid support floor near the 1.2770 level, forcing it to rebound to the upside. It is now hovering around the 1.2810 level. Technically and carefully considering the 4-hour chart, we find a conflict in the …
Read More »GBP is waiting for confirmation 24/5/2022
Oil, Crude, trading
Read More »Gold building on support 24/5/2022
Gold prices jumped with this week’s trading, beginning within the expected bullish context during the last report. We relied on the stability of trading above the 1830 support floor, touching the required target 1857, recording its highest price yesterday at 1865. On the technical side, we notice clear positive crossover …
Read More »The Euro Advance against USD 24/5/2022
The Euro provided a trading session in positive areas against the US dollar after it succeeded in building on the support floor of 1.0550 and the Euro’s success in breaching 1.0630, reaching its highest level during the previous trading session 1.0697. Technically, and by carefully looking at the 4-hour chart, …
Read More »What ‘recklessness’ does Fed’s Bostic fight, want to avoid?
As the US central bank mobilizes for the inevitable fight against 40-year-high inflation with what is expected to be a string of big interest-rate hikes, one US central banker injected a tone that is full of caution, warning headlong rate hikes could create “significant economic dislocation.”In an essay published Tuesday, …
Read More »Market Drivers – US Session – Monday 23 May
The US dollar weakened on the first trading day of the week, amid a better market sentiment. The EUR/USD pair flirts with 1.0700, helped by ECB Chair President Christine Lagarde. She said she expects the facilities program to end “very early” in the third quarter of the year, leaving policymakers …
Read More »Shiba Inu acts as crypto underperformer
Shiba Inu price qualifies the asset to be considered as a crypto underperformer if market conditions persist. Continual diminishing returns are a likely outcome for the meme coin. Invalidation of the bearish thesis is a breach above $0.00001850. Ethereum price displays reasons to believe in a price spike to $2400. …
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