GBP/JPY was able to record noticeable gains within the expected bullish path during the previous analysis, touching the official target station of 167.00 and approaching by a few points from the second target of 168.00, recording its highest level at 167.85. Technically, the pair’s intraday movements are witnessing a bearish …

The Canadian dollar presented positive movements yesterday within a narrow ascending path, building on the support level of 1.2920, and it recorded the highest level at 1.2986. Technically and carefully looking at the 240-minute chart, the pair is still stable below the resistance level of the psychological barrier of 1.3000. …

Oil, Crude, trading

Quiet trading tended to the negativity that dominated gold price movements during the previous session, nullifying the expected bullish scenario in which we relied on trading stability above the support floor of 1830, recording its lowest level during the morning trading of today’s session 1825. Technically and by looking at …

EURUSD reached the first awaited target during the previous analysis, at 1.0580, recording its highest level during the last session trading at 1.0582. On the technical side, the pair witnessed a bearish tendency as a result of hitting the resistance level represented by the target of 1.0580, which forced the …

The Federal Reserve Bank of Chicago’s National Activity Index fell to 0.01 in May from 0.4 (revised from 0.47) in April. This data shows that the US economy expanded at its historical average in May. “The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.27 …

The monthly data published by Statistics Canada showed on Tuesday that Retail Sales in Canada rose by 0.9% in April to C$60.72 billion. This print came in better than the market expectation for an increase of 0.8% and followed March’s expansion of 0.2% (revised from 0%). The publication further revealed …

Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, …

The euro rose on Tuesday, drawing support from the European Central Bank’s intention to raise interest rates to contain inflation, while the Japanese yen again touched its lowest level in 24 years, affected by the continued pursuit of the Bank of Japan to pursue a very loose monetary policy. The …

US President Joe Biden said that he is expected to make a decision this weekend to suspend the federal tax on gasoline, adding that a similar decision should be made based on clear data. It is worth noting that the study of suspending a tax on gasoline comes at a …