Positive trading dominated the pound’s movements against the Japanese yen within the ascending path published in the previous analysis, touching the target price station at 155.45, recording the highest price of 155.45. On the technical side, the pair’s current movements are witnessing a bullish bias, building on 154.70 support level, …

Narrow sideways trading dominates the movements of the Canadian dollar for the third consecutive session, between 1.2660 and 1.2700 without any change in the technical outlook. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in addition …

Oil, Crude, trading

Oil, Crude, trading

Gold prices successfully retest the support level published in the previous report at 1797 to return to the bullish bounce, approaching a few points from the price station required in the last analysis at 1813, to record the highest of 1811. Technically and carefully looking at the 4-hour chart, we …

The single European currency continued its positive move to the upside within the bullish path published in the previous report, after it succeeded in retesting the 1.1270 support line, recording its highest level during the last session’s trading of 1.1330. On the technical side, reading the chart on the 4-hour …

Markets are not expecting much from Thursday’s ECB meeting, but it could be positive for the EUR/USD. In December, the European Central Bank laid out plans for 2022, most notably ending the PEPP. The ECB is widely expected to leave its policy settings unchanged following the January policy meeting. In …

Employment in the US private sector fell by 301,000 in January, monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday, marking only the second month-on-month drop in employment since April 2020 when the US first went into lockdown. That was a huge miss on consensus …

Oil prices jumped on Wednesday towards a seven-year high hit last week as the United States’ move to drain its crude inventories underlined high demand and tight supplies, but investors remained cautious ahead of the OPEC+ group meeting later on Wednesday. Brent crude rose 23 cents, or 0.26 percent, to …

The euro rose on Wednesday for a third consecutive day, after hitting a 20-month low last week, as markets awaited inflation data in the eurozone for clues about the European Central Bank’s next move. The euro has come under pressure recently, falling 8 percent in three months, amid expectations that …