Oil prices fell to a two-week low on Monday, extending last week’s losses. Concern grew that an extension of anti-Covid-19 closures in Shanghai and potential US interest rate increases would hurt global economic growth and oil demand. In Shanghai, the authorities erected fences outside apartment buildings, sparking new public anger. …
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Gold prices fell on Monday to a four-week low, as bets on the Federal Reserve’s inclination to tighten monetary policy boosted the dollar’s strength and dampened demand for bullion. And the price of gold in spot transactions fell 0.7 percent to $ 1916.41 an ounce by 0545 GMT, after touching …
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Oil, Crude, trading
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Oil, Crude, trading
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As we expected during the most recent analysis, the Canadian dollar jumped, touching the target that is required to be touched at the end of last week’s trading, around 1.2700, recording its highest level at 1.2726. Technically, by looking at the 4-hour chart, we notice the 50-day moving average continuing …
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Oil, Crude, trading
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We remained on the fence during the previous analysis, explaining that we are waiting for the pending orders to be activated. We explained that trading below 1940 increases the strength of the bearish trend, targeting 1925 , gold recorded a low at 1925. On the technical side today, and by …
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The single European currency continues to lose against the strength of the US dollar within the expected bearish technical outlook during the previous analysis, explaining that we are waiting for confirmation of breaking 1.0800 to visit 1.0750 as a first target settled a low at 1.0770. Technically, and by looking …
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Hot inflation, recession-related concerns and quantitative tightening continued to be the major key words dominating financial markets throughout the week as central bankers ponder coming changes of policy based upon the available data particularly the labour market developments. New U.S. jobless claims fell slightly to 184,000 in mid-April and stayed …
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Traders may have been enticed to jump the gun following Monday’s remarkable rally, which played right into smart money’s game plan as they are still in control of the downtrend. Bitcoin, Ethereum and XRP price could experience severe liquidity hunts if market conditions persist.Some investors still believe that investing in …
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