The pound against the Japanese yen managed to touch the first target required to be achieved during the previous analysis, located at 149.65, to hit its lowest level at 149.60. On the technical side, we tend to be negative, relying on the confirmation of the pair breaking the support level …

The support levels published during the previous analysis, located at 1.2500, were able to limit the bearish tendency that the Canadian dollar witnessed, to start the bullish rebound once again, stabilizing above 1.2550. Technically speaking, and with a closer look at the chart at a 240-minute chart, we find that …

Oil, Crude, trading

Oil, Crude, trading

Gold prices started their first weekly session with a bearish bias, as a result of hitting the resistance level 1758, in order for the current moves to stabilize below the aforementioned level. Technically speaking, the clear signs of negativity on Stochastic support the occurrence of a bearish bias during the …

Narrow-range sideways trading took control of the euro’s movements against the US dollar, with the conclusion of last week’s trading sessions confined from the bottom above 1.1865 and the top below 1.1925. On the technical side today, and with a closer look at the 4-hour chart, we find the conflict …

Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …

The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%. Further details of the publication …

The Unemployment Rate in Canada declined to 7.5% in March from 8.2% in February as the Net Change in Employment rose by 303,000, the data published by Statistics Canada revealed on Friday. Both of these readings came in stronger than analysts’ estimates.

The dollar advanced slightly on Friday, April 9th, but it is heading towards recording its weakest weekly performance in the year as strong data in Europe stimulated, sudden weakness in US job numbers and the Reserve Board’s insistence on following an accommodative policy for investors to reduce their bets on …