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Oil, Crude, trading
Read More »Dow Jones is Witnessing Heavy Losses 19/1/2022
GBP/JPY: Breaks Support 19/1/2022
Negative trading has regained control over the movements of GBP/JPY after it failed to maintain trading above the 155.90 support level, which forced the pair to trade with clear negativity during the early trading of the current session. On the technical side today, we notice the negative pressure coming from …
Read More »The Canadian Dollar: Technical Conditions Unchanged 19/1/2022
The technical outlook is unchanged and the movements of the US dollar against the Canadian dollar did not change significantly, maintaining the same technical conditions of the previous session. Technically, there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility …
Read More »The British Pound is Below The Moving Average 19/1/2022
Oil, Crude, trading
Read More »Oil Extends Its Gains 19/1/2022
Oil, Crude, trading
Read More »Gold Gradually Falls to The Down Side 19/1/2022
The movements of the yellow metal witnessed a negative trading session yesterday, and as a reminder, we indicated that we are waiting to confirm the breach of the 1810 level, and this increases the negativity to target 1803 so that gold approaches the required target, recording 1805 Technically, and carefully …
Read More »The Euro Touches The Initial Targets 19/1/2022
Within the expected bearish context, the single European currency declined significantly against the US dollar. Therefore, we relied on confirming the breach of 1.1370, explaining that this opens the way to visit the first target, 1.1320, to record the euro as low as 1.1315. Technically, today, and by looking at …
Read More »Parliamentary Plot To Oust Boris Johnson
“Boris Johnson is set to announce the lifting of ‘Plan B’ COVID restrictions on Wednesday as a plot to oust him by Tory MPs first elected in 2019 emerged.The news also mentioned UK Prime minister Johnson to have appeared forlorn in a television interview while apologizing for misjudgments ‘that I …
Read More »Market Drivers – US Session – 18-01-2022
The US dollar has been the most prominent winner, and performed up against all major rival currencies. US Treasury yields soared to fresh highs with the yield on the 10-year note reaching 1.856% and that on the 2-year note surpassing 1%, and consequently impacting gold prices. At $1,813.56, gold is …
Read More »UK inflation expected to hit 30-year high
Several economists believe the cost of borrowing will increase several times this year. UK inflation is expected to rise to a 30-year high when December’s data are released on Wednesday as upward cost pressures are felt across the economy. Economists polled by Reuters forecast inflation to hit 5.2 per cent, …
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