GBP/JPY could achieve the idea of retesting the required target during the previous analysis published at the end of last week’s trading, touching the target of 165.70, recording its lowest level at 165.17. Technically, the current moves are witnessing attempts to stabilize above the 50-day simple moving average and the …

Notable gains were achieved by the Canadian dollar within the expected bullish path during the previous report, touching the extended target required to be touched at 1.2810, recording its highest level during the early morning trading of today’s session at 1.2820. Technically, and by looking at the 4-hour chart, we …

Oil, Crude, trading

Gold’s movements witnessed strong trading at the end of the last week’s trading, heading to touch the second bearish target published last Friday at 1825, recording its lowest level at 1825, resuming the strong bullish rebound recording its highest level at 1879. On the technical side today, the pair achieved …

A strong bearish trend dominated the movements of the euro against the US dollar within the expected negative outlook, reaching the official target at 1.0520, recording its lowest level during the first trading of this week at 1.0475. Technically, looking at the 240-minute chart, we notice the pair’s failure to …

The dollar rose to a nearly four-week high against a basket of currencies on Friday, after data showed US consumer prices accelerated in May, suggesting the Federal Reserve may have to keep raising interest rates until September to combat inflation. In the 12 months to May, the US consumer price …

Oil prices rose on Friday and were on track to record new weekly gains, supported by strong demand for fuel in the United States, although new measures to combat Covid-19 in Shanghai and Beijing limited the gains. Brent crude rose 98 cents, or 0.8 percent, to $124.05 a barrel by …

The annual pace of inflation in the US rose to 8.6% in May according to the latest Consumer Price Index data released by the US Bureau of Labour Statistics on Friday. That was above the expected reading of 8.3%. MoM, the headline inflation rate was 1.0%, well above the expected …

The US Bureau of Labor Statistics will release the May Consumer Price Index (CPI) data on Friday, June 10 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming US inflation print. …

Turkey’s Treasury said on Friday that fighting inflation remains the top priority in its macroeconomic policies, after it, along with other state institutions, announced measures to support an economy suffering from high prices and a depreciating lira. The ministry announced that it would issue local bonds linked to government companies’ …