The dollar fell to low levels on Wednesday, November 15, after falling overnight with the issuance of a surprisingly weaker inflation reading in the United States, which reinforced bets that the US Federal Reserve has reached the end of its monetary policy tightening cycle. At the same time, the offshore …
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The unemployment rate in France rose faster than expected to 7.4% in the third quarter, according to official statistics published on Wednesday, a rise that Finance Minister Bruno Le Maire blamed on slowing economic growth. “This is a result of the economic slowdown in Europe and around the world,” Le …
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Annual inflation in Britain for October slowed by 4.6%, more than expected to slow by 4.8%, meaning it reached a two-year low last month. Inflation in Britain reached 6.7% during September and August. The Bank of England earlier this month left its benchmark interest rate unchanged at 5.25% after ending …
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Oil, Crude, trading
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Oil, Crude, trading
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Yesterday, the Canadian dollar was dominated by negative trading after it failed to sustain positive stability above the support level of 1.3750, reaching its lowest point around the robust support of 1.3680. Today’s technical analysis reveals that the simple moving average continues to exert negative pressure on the price from …
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japanese-yen
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Oil, Crude, trading
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The US crude oil futures contracts have been dominated by positive trading, aligning with our bullish forecast. They have touched the initial target price of $79.20, and are now heading towards the next official mark of $79.60. The contracts recorded their peak at $79.72 per barrel. From a technical perspective, …
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Gold prices have recently made significant strides, outperforming the US dollar, following a successful breach of the 1945 resistance level. This upward trend solidified as gold prices maintained stability above the 1954 mark. While this stability tempers the possibility of a downward shift, it doesn’t completely rule it out. We …
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