Positive trading dominated the pound’s movements against its Japanese counterpart within the bullish leg published during the previous analysis, recording its highest level of 152.05. On the technical side, we are positive in our trading, depending on the stability of trading above 151.30 and the most important of 151.10, which …
Read More »Canadian Dollar: Trying to Consolidate
The consolidation scenario published in the previous analysis succeeded in supporting the Canadian dollar’s attempts to rise, touching the first target 1.2310, and approaching a few points difference from the second target 1.2375, to record the highest around the previously breached support level and turned into the resistance level at …
Read More »Pound Looking For Direction
Oil, Crude, trading
Read More »Oil Moving in a Bullish Price Channel And Eyes on Inventories
Oil, Crude, trading
Read More »Gold Fails to Breach The Resistance
Gold prices were able to approach a few points difference from the first official target published in the previous analysis, located at the price of 1800, to record its highest level during the previous session’s trading in 1798. On the technical side, gold prices found a strong resistance level around …
Read More »Euro Settled Below Resistance And Negativity Remains
The Euro is still trading calmly within a bearish context, as we expected, after it hit the strong resistance published in the previous analysis, located at 1.2065, which forced it to trade negatively, and gradually approached our target. Technically, we will maintain our negative outlook, relying on the negative pressure …
Read More »UK on the Way to Lift the Social Distancing Rule Next Month
The UK is on the way to dispense with the covid-19 social distancing rule before the end of next month, which requires people to stay at least one meter away, according to Prime Minister Boris Johnson. The British government is proceeding according to a roadmap it has set for itself …
Read More »Gold Retreating From a Two-Month High And the Dollar’s Strength Limits its Appeal
Gold prices fell from their highest level in more than two months today, Tuesday, as the dollar’s recovery limited the metal’s appeal as a safe haven, while investors speculate that the US economic recovery at a faster than expected pace may lead to a hike in interest rates. And gold …
Read More »Car Sales in Turkey Increased 132.4% Year-on-Year in April
The Turkish auto distributors association said on Tuesday that sales of passenger cars and light commercial vehicles in Turkey jumped 132.4% year on year in April to 61,488 units. The union added that sales increased 72.4% annually from January to April.
Read More »Currencies Overview: Dollar Rising as Economic Data And Its Impact on Interest Rates Are Anticipated
The dollar has turned higher in Asian trading, halting a month-long downturn, as investors are working to see if the major US economic recovery may push interest rates higher, as they await upcoming economic data and policy speeches for indicators. The US currency rose 0.2% against the yen, euro and …
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