Britain’s retail sales unexpectedly rose 1.4% m/m after falling 1.2% in March, and sales in the three months to April fell 0.3% after a 0.7% drop in March. Britain’s consumer confidence index fell to its lowest level since the survey began in 1974, as this data comes as inflation in …
Read More »Dollar loses momentum after weeks of rally
The US dollar is headed for its worst week since early February against major currencies on Friday, losing some of the momentum it gained from a sudden 10 percent rise in its value. The dollar received a boost from investors’ appetite for it as a safe haven amid turmoil in …
Read More »European shares rise, supported by hopes of an economic recovery in China
European shares rose at the open on Friday, boosted by hopes of an economic recovery in China boosted by the central bank’s announcement of more stimulus, but the region’s stock index headed towards ending the week lower on recession fears. The mining and energy sectors led the gains and pushed …
Read More »Gold is on its way to its first rise in 5 weeks as the dollar’s strength declines
Gold prices rose on Friday, on track for their first weekly gain since mid-April, as the dollar’s retreat from two-decade highs and mounting concerns about US economic growth revived demand for safe-haven bullion. And gold rose in spot transactions 0.2 percent to $ 1845.71 an ounce by 0556 GMT. US …
Read More »Japan’s Nikkei closes higher amid buying in lower stocks
Japanese shares closed higher on Friday, recovering from a nearly 2 percent drop in the previous session, as investors snapped up falling stocks on hopes of corporate earnings growth. The Nikkei index ended trading up 1.27 percent at 2,6739.03, and recorded a weekly gain of 1.18 percent. The broader Topix …
Read More »German DAX may achieve intraday gains 20/5/2022
Oil, Crude, trading
Read More »Dow Jones may witness a temporary rise 20/5/2022
Oil, Crude, trading
Read More »GBP/JPY: awaits clearer signal 20/5/2022
Divergent movements dominated the trading of the British pound against its Japanese counterpart, to fail to achieve the scenario of retesting the resistance published during the previous analysis, and as we explained during the last analysis that the decline below 158.50 will immediately stop the expected bullish trend and put …
Read More »CAD is looking for catalysts 20/5/2022
Quiet trading tilted to the negative, dominating the movements of the Canadian dollar within a gradual decline to the downside, as we expected, approaching by a few points from the published target 1.2775, recording a low at 1.2783. From the angle of technical analysis today, the current trading levels for …
Read More »GBP is waiting for confirmation 20/5/2022
Oil, Crude, trading
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