In the previous session, the German DAX index experienced strong selling after it failed to maintain trading above 14,400 levels to record the lowest at 14,212. Technically, by looking at the 4-hour chart, we notice the negative pressure leading from the 50-day moving average, accompanied by the clear negative signs …
Read More »Dow Jones tests the strength of support 24/3/2022
Oil, Crude, trading
Read More »CAD touches the first target 24/3/2022
As was expected during the previous analysis, the Canadian dollar touched the first bearish target at 1.2560, recording the lowest price at 1.2542. Technically, the pair’s current moves are witnessing bullish rebound attempts, benefiting from the intraday stability above 1.2560, accompanied by clear positive signs on the 14-day momentum indicator …
Read More »British Pound retests support 24/3/2022
Oil, Crude, trading
Read More »Gold build on support 24/3/2022
We adhered to intraday neutrality during the technical report yesterday due to the conflicting technical signals, explaining that we are waiting to confirm the break of 1925 or 1942, so that gold prices will witness a bullish tendency after it succeeded in attacking the 1942 resistance approaching the first target …
Read More »The euro is moving in a negative direction 24/3/2022
Slow sideways movements tend to dominate EUR/USD negatively, and the intraday movements are still stable below the resistance level 1.1060/1.1050, unable to break it. Technically, despite the pair’s attempts to achieve some bullish bounce, we still believe that the bearish trend is the most likely, relying on the stability of …
Read More »Market Drivers – US Session – 23 March
The dollar featured mixed performance on Wednesday, as investors struggled to make something out of mostly worrisome headlines. Higher crude oil prices amid escalating tensions between Russia and western nations dented the market’s mood.Economic DataThe flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in …
Read More »US Treasury Yields Ease As Market Ponders Recession Signals
A sharp selloff in US Treasuries eased on Wednesday as the market tries to come to grips with how the Federal Reserve might address rising inflation without hiking interest rates at such a clip it spins the economy into recession.Yields were lower across the curve, from two-year notes out to …
Read More »Fred’s Bullard: US economy will continue to grow above trend 2022-2023
St. Louis Federal Reserve President James Bullard, who on Friday called for a dramatic increase in the Fed’s overnight lending rate to more than 3% this year, is crossing the wires with the following comments dripping through:Key Qoutes: Russia’s war will mean less globalization, more fragmentation around the worldDirect macroeconomic …
Read More »USD/CHF Struggles at 0.9350
The Swiss franc benefits amid a risk-off market mood, as reflected by the USD/CHF down 0.25%. Falling US Treasury yields, led by the 10-year, underpin the USD/CHF pair.Overnight, the USD/CHF reached a daily high at 0.9357, but a risk-off market mood, which benefitted the low-yielder Swiss franc, impeded USD bulls …
Read More »