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The technical outlook is unchanged, and the movements of GBP/JPY did not change significantly, maintaining the bearish path as we expected, settling below 157.50. On the technical side today, we expect a bearish bias in the coming hours, based on the stability of the intraday trading below the resistance level …

The Canadian dollar built on the pivotal support floor published during yesterday’s analysis, at 1.2670, which forced the pair to rebound to the upside to retest the psychological resistance level of 1.2800. technically, with the positive motive for the 50-day moving average, which returned to hold the price from below, …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the prices of the yellow metal during yesterday’s session within the expected positive outlook, touching the second official target station at 1827, recording the highest of 1829. On the technical side, gold prices hit a strong resistance area, which forced the price to move negatively again. With …

The single European currency witnessed attempts to rise during yesterday’s trading session, but there are still limited gains, recording the highest level at 1.1346, trying to build on the 1.1270 support level. Technically, by carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a …

A Reuters survey showed on Thursday that the increase in OPEC oil production in December was also less than the increase planned under an agreement with allies, highlighting the constraints faced by production capacity that curb supply as global demand recovers from the repercussions of the Corona pandemic. The survey …

The US dollar edged lower for most of Wednesday but got an unexpected push by the US Federal Reserve’s Meeting Minutes. US policymakers use the kind of language confirming a looming interest rate hike and that the quantitative easing, stimulus asset and asset purchases are no longer necessary.The minutes document …

“More UK businesses than ever before are worried about inflation, and a record number are planning to increase their own prices,” said Bloomberg while conveying the latest British Chambers of Commerce (BCC) details on early Thursday morning in Asia.The news also quotes Suren Thiru, Head of Economics at the BCC …

The IHS Markit Australia Composite PMI was unrevised at 54.9 in December of 2021, pointing to a slower rate of private sector output growth, however high by historical standards.Foreign demand for Australian manufactured goods improved while services exports stayed subdued amid border restrictions and COVID-19 Omicron variant fears.Both manufacturing and …