Japan’s Nikkei fell for the third consecutive session on Thursday, as losses in blue chips-related blue chips outweighed a jump in airline and rail stocks. The Nikkei fell 0.27 percent to close at 26,604.84 points, giving up the gains recorded earlier in the session, supported by a strong closing of …
Read More »German DAX may achieve good gains 26/5/2022
Oil, Crude, trading
Read More »Dow Jones repeats the rising chance 26/5/2022
Oil, Crude, trading
Read More »GBP/JPY: starts positive 26/5/2022
Positive trading dominated the movements of the pound sterling against its Japanese counterpart within the expected bullish context during the previous analysis, touching the awaited target at 160.60, recording its highest level during today’s morning trading session at 160.83. Technically and carefully looking at the 4-hour chart, we notice that …
Read More »CAD looking for trend 26/5/2022
The Canadian dollar managed to achieve some modest gains during the previous trading session and is still hovering around the retest target required to be achieved around 1.2840. Technically, we tend to the negativity, but with caution, relying on the clear negative signs on the stochastic indicator, which started losing …
Read More »GBP looking for confirmation 26/5/2022
Oil, Crude, trading
Read More »Gold tries to rise 26/5/2022
Negative movements dominated gold prices during the previous trading session within a limited bearish tendency after failing to maintain trading above 1850 to retest 1840 successfully. On the technical side today, we find the 50-day moving average that continues to support the bullish price curve and the stability of daily …
Read More »Euro trying to get positive signals 26/5/2022
Trading tilted to the negative trend that dominated the euro’s movements against the US dollar yesterday, but with limited negativity after the pair closed daily above the support level of 1.0670. Technically, the euro is hovering around the 1.0670 level, which is the strong support of the 61.80% Fibonacci retracement, …
Read More »Market Drivers – US Session – May 25
The US dollar aimed to recover ground but pared its advance during US trading hours, ahead of the FOMC Meeting Minutes. The document showed that all members supported plans to reduce the balance sheet, while some added that, after the runoff was well underway, it would be appropriate to consider …
Read More »Could Biden’s climate agenda bring about permanent recession?
Americans are asking “Are we in a recession?” or “When are we going into recession?” Opponents of the current administration suggest that should US President Joe Biden continue to pursue his climate, fossil-free agenda, American economy could fall into a permanent recession. It could partly be replaced by nuclear power, …
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