The British pound continues its attempts to maintain the bullish bias against its Japanese counterpart within the bullish path published during the previous analysis, recording its highest level at 156.25. Technically, today, and as seen on the 60-minute chart, there is a possibility to continue rising with the price stability …
Read More »The Canadian Dollar: Waiting For a Signal to Move 8/2/2022
The Canadian dollar was able to achieve the view of retesting the support published during the previous analysis, heading towards retesting the required target at 1.2665, recording its lowest level at 1.2657. Technically, we notice the negative pressure coming from the simple moving averages that put negative pressure on the …
Read More »The Pound is Testing The MA 8/2/2022
Oil, Crude, trading
Read More »Oil May Witness a Temporary Bearish Slope 8/2/2022
Oil, Crude, trading
Read More »Gold Extends Its Gains 8/2/2022
Gold prices jumped during the first trading of this week within the expected upward path during the previous analysis, heading to touch the first station 1819, approaching by a few points, at the second price station 1825, recording its highest level 1823. On the technical side today, and by looking …
Read More »The Euro is Witnessing Intraday Stability Above Support 8/2/2022
The euro’s movements did not witness little change during the first trading of this week, trying to maintain its gains that extended towards the 1.1475 areas, to see the stability of the current movement above the psychological level of 1.1400. On the technical side, the 50-day moving average is still …
Read More »Market Drivers – US Session – 7 February
Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January. Last week’s NFP data continued to support the USD on Monday.Economic DataThe economic docket for …
Read More »US Inflation Expectations Grind Lower
Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January.The US inflation gauge, as measured by the 10-year breakeven inflation rate per the St. Louis …
Read More »Bitcoin Strengthens Amid Improved Market Sentiment
Bitcoin gained 6% in the past 24 hours, although trading volume remained low. Bitcoin rallied above $43,000 on Monday, retracing about 30% of the sell-off since November. It is expected the short squeeze rally could continue, with less momentum compared with previous price surges.Trading volume across major Bitcoin exchanges ticked …
Read More »AUD/USD Higher Amid Sluggish Markets, Light Data Calendar
The AUD/USD pair’s prices seesaw around 0.7125-20 during early Tuesday morning in Asia, having reversed most of Friday’s losses the previous day.The risk barometer cheered multiple upbeat catalysts from home to post notable gains at the week’s start. However, a light calendar and the market’s wait for the US Consumer …
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