Positive moves returned to dominate the movements of the GBP/JPY building on a support level of 154.50, which helped the pair rebound upwards, and it is now hovering around its highest level during the early trading of the current session 155.20. On the technical side today, and with careful consideration …
Read More »The Canadian Dollar: Trying to Hold on to The Support 2/2/2022
The technical outlook is unchanged, and the movements of the Canadian dollar did not change for the second consecutive session, trying to maintain its trades above the support level of 1.2660. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get …
Read More »British Pound: Positivity Needs Confirmation 2/2/2022
Oil, Crude, trading
Read More »Oil Maintains Gains, Eyes on OPEC 2/2/2022
Oil, Crude, trading
Read More »Gold Retests Support 2/2/2022
Gold prices found a strong resistance level around 1807, which limited the upside. As indicated during the last analysis, breaching the mentioned level is fundamental to resume the rise. Finding the resistance forced the price to trade negatively again and pushed it to retest the strong support floor 1797. Technically, …
Read More »The Euro May Witness a Gradual Rise to The Upside 2/2/2022
The positive attempts of the euro against the dollar continue within the bullish path published in the previous analysis, to consolidate above the 1.1230 support level, the pair is now hovering around its highest level during the morning session of the current session around 1.1275. Technically, and carefully considering the …
Read More »Nasdaq Surges On Third Day Of Gains, Earnings
Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …
Read More »Cryptos Stabilize As Analysts Expect Bitcoin Short Squeeze
Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …
Read More »Market Drivers – US Session – 1 February
The US dollar remained on the backfoot on Tuesday, although losses were limited across the Forex board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency.The GBP/USD shrugged off UK’s political row and retained …
Read More »NZ Unemployment Rate Falls As NZD Impacted By Other Disappointment
The key quarterly labour market data roundup for New Zealand has been released as unemployment rate fell to 3.2 per cent in the fourth quarter, according to data released by Statistics New Zealand on Wednesday. While this beat expectation, it’s not moved the needle on the NZD because the rest …
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