Positive trading returned to control the movements of GBP/JPY, canceling the expected negative outlook during the previous analysis after it succeeded in breaching the resistance level of 150.70. Technically, we tend to the positivity, relying on the clear positive signs on stochastic and the stability of the RSI above the …
Read More »Canadian Dollar Faces Temporary Negative Pressure
The Canadian dollar found a strong resistance level of around 1.2840, which forced it to trade negatively again, and hovers around retesting the strong support level at 1.2730. Technically, and carefully considering the 4-hour chart, we find the pair hovers around 1.2730, represented by the 23.60% Fibonacci correction, and the …
Read More »Pound Retests Resistance
Oil, Crude, trading
Read More »Oil is Making Good Gains
Oil, Crude, trading
Read More »Gold is Looking For a Clearer Signal
Gold prices are still trading within a short trend that tends to the downside. However, the dominant feature is still unclear, as the current moves are witnessing a bearish tendency that is gradually approaching the 1774 support level. Technically, By looking at the 60-minute chart, we notice that the momentum …
Read More »Euro is Testing Support, Looking For Signals
Trading was calm and tended to the negativity within the bearish path after the Euro found a resistance level around the psychological barrier of 1.1300, unable to breach it until now. Technically, by looking at the 4-hour chart, we notice the return of intraday trading stability above the 50-day moving …
Read More »Why Are Pfizer Shares Losing Today?
Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …
Read More »Two Potential Scenarios, Will Congress Fix US Debt Ceiling?
The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …
Read More »China To Boost Slowing Economy
China recorded a steep economic slowdown in Q3 as its pandemic bounce fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. China’s central bank said it would reduce the amount of money banks are required to set aside, as a reserve, as it moved to …
Read More »European shares bounce on hopes Omicron may be mild
Travel stocks helped European shares mark a strong start to the week on Monday, after sharp losses late last week, boosted by hopes that the Omicron variant of the coronavirus would be mild.After third straight week in the red territory, the pan-European STOXX 600 (.STOXX) closed up 1.3%. The technology …
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