The pound against the yen succeeded in touching our published target during the previous analysis, located at 142.80, recording its lowest price of 142.80, to rebound once again to the upside, taking advantage of the support level of 142.80, which is our first target. The chances of it rising towards …

The Canadian dollar maintained its bullish bias within the bullish correction, as we expected establishing a good support floor around 1.2760 / 1.2750, touching the first bullish correction target of 1.2850, recording its highest level at 1.2847. Technically speaking, and with a closer look at the chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred heavy losses during the previous trading session within the expected bearish path mentioned in daily analysis, touching the third official leg 1800, recording the lowest price of 1785. On the technical side today, and with a closer look at the 240-minute chart, we find the 50-day simple …

The euro declined significantly against the US dollar, continuing the downward correction as we expected during the previous analysis, touching the official target to be achieved at 1.1970, to record its lowest level during the Asian session for the current session at 1.1952. Technically speaking, and with the pair’s failure …

There were 779,000 initial claims for unemployment benefits in the US during the week ending January 30, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 812,000 (revised from 847,000) and came in better than the market expectation of …

The Bank of England said UK banks will need at least six months to prepare for the switch to negative interest rates. This was after the bank fixed interest rates at 0.1%. The Bank of England asked British banks in October about their preparedness for negative interest rates, after it …

The International Monetary Fund has said it is launching a new approach to assessing debt sustainability for countries that are able to access financial markets with the goal of predicting the risks of financial crises more accurately and improving transparency. Fund officials said that it is expected to activate an …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its January policy meeting and kept the Asset Purchase Facility steady at £895 billion.