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Negative movements dominated the British pound against its Japanese counterpart after hitting the resistance level of 163.60, which forced the pair to trade with clear negativity again, to witness the stability of the current movement around the lowest level during early trading at 162.10. On the technical side, today, we …

The Canadian dollar declined noticeably after several days of consecutive ascent after it succeeded in recording its highest levels around the psychological barrier of 1.2900. Technically, we find that the pair failed to stabilize for a long time above 1.2900 and failed to maintain the trading level above 1.2750. With …

Oil, Crude, trading

There was a noticeable rush in the yellow metal’s prices during the last session’s trading, trying to compensate for its previous losses, to witness the current movements of intraday stability above the resistance level of 1890. On the technical side today, and by looking at the 4-hour chart, we notice …

A positive trading session dominated the EUR/USD moves despite the Fed’s 50bp hike in interest rates, the most significant rate hike in 20 years. Technically, we find the euro building on the psychological barrier’s 1.0500 support floor, in addition to breaching the 1.0530 level and by looking closely at the …

The EUR/USD pair has witnessed a juggernaut upside move after the Federal Reserve decided to raise a rate hike by 50 basis points in the New York session. The Euro bulls have established the asset above 1.0600 and are driving it higher towards the next barricade at 1.0650.An interest rate …

The US dollar plunged on the remarks by the US Fed’s monetary policy decision. As expected, the US central bank has hiked rates by 50 bps to a range of 0.75% to 1% while announcing trimming the balance sheet as of June 1. They would start with a $47.5 billion …

The US Bureau of Labor Statistics is expected to release non-farm payroll data and unemployment rate data for April on Friday. The current prevalent mixed concerns across financial markets could be linked to some sort of anxiety ahead of this week’s US Nonfarm Payrolls data.The US dollar rose slightly on …

The Reserve Bank of New Zealand’s governor Adrian Orr stated that the RBNZ doesn’t see stagflation as a core risk, adding that ”it’s business as usual” on monetary policy and the central banks have ”no regrets on monetary policy,” and that he is ”proud of where we are”.Orr added that …

In reaction to Federal Reserve Chair Jerome Powell’s comments downplaying the likelihood of larger rate hike than the one just announced Wednesday, stocks surged to their biggest gain in two years Wednesday. Bond yields dropped as well. Stocks on Wall Street jumped on Wednesday, after Jerome Powell, the Fed Chair, …