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The Turkish lira fell 0.4 percent against the dollar on Tuesday, amid fears of rising inflation due to President Recep Tayyip Erdogan’s pledge to keep cutting interest rates. In a speech on Monday evening, Erdogan sought to downplay the rise in annual consumer prices to 73 percent last month as …

Oil, Crude, trading

GBP/JPY jumped within the expected positive outlook during the previous analysis, surpassing the official target published during the last analysis, located at 165.20, recording its highest level during the early trading of the current session at 166.00. Technically, we are inclined to the positivity, relying on the pair’s success in …

Limited positive trading returned to dominate the Canadian dollar’s movements, benefiting from the 1.2540 support level, forcing the pair to rebound to the upside and witness the current movements of intraday stability above 1.2550. Technically, we find that the momentum indicator 14 could obtain positive signals on the short time …

Oil, Crude, trading

Negative trading dominated gold prices during the first trading sessions of this week after it failed to maintain trading above the 1850 support level, explaining today that the attempt to break 1848 puts the price under negative pressure, with its target located around 1832 to be satisfied recording at law …

The technical outlook is unchanged, and the Euro did not change much, maintaining the bearish context against the US dollar, to pressure the strong support level at 1.0670. Technically, and by carefully looking at the 4-hour chart, we find the pair stable below the minor resistance of 1.0730, and we …

The market sentiment dramatically changed from optimism during Asian trading session into pessimism during the US session. The early positive mood was on the back of hopes that the global economic situation would start improving after Beijing continued easing coronavirus-linked restrictions.The sentiment deteriorated after the bell on Wall Street, as …

US equities closed slightly higher on Monday after a mixed trading session, helped by gains in Amazon.com and other mega-cap growth shares, while worries over inflation and interest rates threw heavy shades on the market.Consumer discretionary and communication services had the day’s biggest gains. But investors are still focused on …

For now, UK’s Boris Johnson is in office, but there are several questions over his leadership on a poor outcome in the vote. The British pound found buyers at a 61.8% ratio as the UK PMs survived political Monday’s parliamentary confidence vote.At 1.2530, GBP/USD is starting out resting at hourly …