Oil, Crude, trading
Read More »GBP/JPY: may witness a temporary rise 25/5/2022
GBP/.JPY was able to touch the targets that need to be achieved during the previous analysis, at 158.70, surpassing the target and recording its lowest level at 158.00. On the technical side, today, and with careful consideration on the 60-minute chart, the limited positivity signs started appearing on the momentum …
Read More »CAD is trying to rise 25/5/2022
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals to find the Canadian dollar for the second consecutive session, unable to break the strong support level at 1.2770 and obtain a positive closing above the mentioned level to retest 1.2870. Technically, we tend in …
Read More »GBP is waiting for a signal 25/5/2022
Oil, Crude, trading
Read More »Gold continues its gradual rise 25/5/2022
Gold prices jumped with this week’s trading, beginning within the expected bullish context during the last report. We relied on the stability of trading above the 1830 support floor, touching the required target 1857, recording its highest price yesterday at 1865. On the technical side, we notice clear positive crossover …
Read More »The Euro continues its upward movement 25/5/2022
On Monday, Spot gold peaked at $1,865.38 a troy ounce, but the rally lost steam after Wall Street’s open, trading at around $1,851. The optimistic tone of equities undermines demand for the safe-haven metal, while the greenback remains out of investors’ radar. As we expected, the euro made a noticeable …
Read More »Moderna is testing a potential monkeypox vaccine
Moderna is testing a potential monkeypox vaccine in preclinical testing as the disease spreads in the United States and Europe. The World Health Organization said on Tuesday that the number of confirmed cases of monkeypox has reached 131 and there are 106 other suspected cases since the first infection was …
Read More »Gold Price Loses Steam
Gold rose in Tuesday morning trading in Asia. The dollar also rose and stabilized after falling during the previous session, which pushed the yellow metal to the highest point in two weeks. Gold futures rose 0.17% to $1,850.94 by 11:10 PM ET, after hitting their highest since May 9 at …
Read More »Oil falls on recession fears, anti-Covid-19 restrictions in China
Oil prices fell by nearly a dollar on Tuesday, on fears of a possible recession and restrictions to combat COVID-19 in China, which outweighed the impact of tight global supply and expectations of increased demand for fuel as the summer travel season begins in the United States. Investment banks including …
Read More »European shares fall as slowdown fears exacerbated by business growth data
European shares fell on Tuesday, tracking declines in global stock markets as investors renewed concerns about slowing economic growth and monetary policy tightening due to business expansion data for May. The pan-European Stoxx 600 index was down 0.8 percent by 0818 GMT, giving up much of Monday’s 1.3 percent gain. …
Read More »