The British Pound jumped against the Japanese Yen, canceling the negative outlook expected during the previous analysis, touching the stop-loss order published during the previous analysis, at a price of 154.70. On the technical side, today we tend to be positive, but with caution, relying on the pair’s breach of …
Read More »CAD Above Support And Looking For Additional Momentum
The technical outlook is unchanged, and the movements of the US dollar against the Canadian dollar have not changed significantly within sideways trading from the bottom above 1.2030 and from the top below 1.2130. Technically, we find the pair succeeded in building a base on the solid support floor 1.2030, …
Read More »GBP/USD: Mixed Technical Signals
Oil, Crude, trading
Read More »Oil Continues to Achieve Our Rising Goals
Oil, Crude, trading
Read More »Gold is Waiting For a New Move SignalS And Pending orders
Gold prices approached touching the first target required and mentioned in the previous analysis located at 1917, to settle for recording its highest level at 1912, finding it difficult to surpass the aforementioned level, which forced it to move within a bearish path. On the technical side today, and by …
Read More »Euro Waiting For Pending Orders
The euro against the US dollar ended the previous trading session without a noticeable change within a sideways bias tilted to the negativity. Technically, and with a closer look at the 4-hour time chart, we find the SMA 50 continues to pressure the price from the top, supporting the occurrence …
Read More »US: Weekly Initial Jobless Claims Retreat to 406K
There were 406,000 initial claims for unemployment benefits in the US during the week ending May 22, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in better than the market expectation of 425,000 and followed the previous print of 444,000.
Read More »US: Durable Goods Orders Decline by 1.3% in April vs. +0.7% Expected
Durable Goods Orders in the United States declined by 1.3%, or $3.2 billion, to $246.2 billion in April, the data published by the US Census Bureau revealed on Thursday. This reading came in worse than the market expectation for an increase of 0.7% and followed March’s print of +1.3% (revised …
Read More »Gold Settles Below $ 1900 as Investors Await US Data
Gold prices stabilized Thursday, May 27, below the psychologically important level of $1900 an ounce, after the dollar’s rise limited gains as investors awaited US economic data that might provide clues about inflation and monetary policy. Spot gold fell 0.1% to $ 1895.10 an ounce, after hitting its highest level …
Read More »Oil Prices Declining Due to Fears of a Possible Return of Iranian Supplies
Oil prices fell on Thursday, May 27, but remained within their narrow range this week, as optimism about the summer driving season in the United States and Europe was met with concern about India’s demand and a possible increase in Iranian supplies. Brent crude was down 57 cents, equivalent to …
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