The Turkish lira reached its lowest level against the dollar in nearly three weeks on Wednesday, February 24th, to remain under pressure after the government defended the policies of the former finance minister. In light of the weakness, the central bank raised the compulsory reserve ratio for deposits in the …
Read More »API: A Sudden Increase in Oil Inventories Last Week
Data from the American Petroleum Institute showed, Tuesday, that oil inventories in the United States increased unexpectedly last week as refiners cut back activity due to a wave of severe cold that hit the US Gulf Coast region. Crude inventories increased by one million barrels in the week ending February …
Read More »Oil Prices Falling Due to a Sudden Increase in US Crude Inventories
Oil prices fell on Wednesday, February 24, after data for the sector showed a sudden increase in US crude inventories last week, as freezing weather in southern states limited the demand for refineries that were forced to close. The American Petroleum Institute said on Tuesday that crude inventories increased 1 …
Read More »Bitcoin Facing Profit-Taking
Bitcoin retreated significantly, moving away from its recent gains within the expected bearish context, touching the official goal of re-testing published during the previous analysis at a price of 46,320, posting the lowest at 44,943 Today, we tend to descend, relying on the clear negativity patterns on Stochastic, as long …
Read More »German DAX: To The Upside
Mixed trades dominated the movements of the German DAX, as the current moves are witnessing attempts to settle above 13,780. On short time intervals, we see the moving average trying to push the price higher, and we find the RSI indicator trying to obtain more bullish momentum. Therefore, we may …
Read More »Dow Jones Faces a Temporary Negativity
Negative trading dominated the movements of the Dow Jones Industrial Average during the last session, to touch the first negative target to be achieved at 31,220, recording its lowest price at 31,101. On the technical side today, the intraday trading remains below the resistance level of 31,610 and the most …
Read More »GBP/JPY: Built on Support
Notable gains dominated the moves of the pound sterling against the Japanese yen within the expected bullish context, surpassing the required target of 148.60, recording a high during early trading for the current session at 150.13. On the technical side, despite the bullish daily trend, we tend to be negative …
Read More »Canadian Dollar: Retest of Broken Support
Negative trading dominated the Canadian dollar’s movements yesterday within the expected bearish context, touching the first target to be achieved during the previous session at 1.2560, recording its lowest price of 1.2560. Technically speaking, and with a closer look at the 60-minute chart, we find that Stochastic started to provide …
Read More »The Pound Touches The Desired Target
Oil, Crude, trading
Read More »Oil May Witness a Temporary Decline
Oil, Crude, trading
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