The euro hovered near one-month lows against the dollar and the yen on Wednesday, weighed by fears of a military conflict in Ukraine and ahead of the conclusion of US Federal Reserve meetings that could usher in an accelerated tightening of monetary policy. The Bank of Canada is scheduled to …
Read More »Oil Falls Amid Profit-Taking Ahead of Fed
Oil prices fell on Wednesday as investors booked profits ahead of the announcement of a Federal Reserve decision and US Energy Information Administration data on crude stocks. Still, concerns about supply shortages due to geopolitical tensions limited losses. Oil prices hit a seven-year high last week amid fears of tight …
Read More »Gold is Stable, And Ukraine Risks Offset The Possible US Rates Hike
Gold prices stabilized on Wednesday as investors held off big bets ahead of a decision on the pace of monetary policy tightening at the US Federal Reserve meeting, while tensions surrounding Ukraine kept gold near a 10-week high hit in the previous session. And gold settled in spot transactions at …
Read More »Japan Shares Fall Before The Fed
Japan’s Nikkei index ended lower on Wednesday, with technology heavyweights tracking the losses of their US counterparts on Tuesday night on fears of the Federal Reserve’s increasing hawkish tone and tensions surrounding Ukraine. The Nikkei fell 0.44 percent to close at 27,011.33 points, after touching earlier in the session a …
Read More »GBP/JPY: Trying to Recover 26/1/2022
Limited positive trading returned to control the pound’s movements against the Japanese yen during the previous trading session, benefiting from approaching the psychological barrier support level 153.00, recording its lowest price at 153.12. Technically, the pair’s current moves are witnessing stability and a pivot above the support level of 153.20, …
Read More »The Canadian Dollar: Repeats The Chances of a Rising 26/1/2022
The Canadian dollar is positively trying to recover after confirming the breach of the resistance level 1.2526 to retest the strong resistance level 1.2670. Technically, by carefully looking at the 4-hour chart, we notice that the 50-day moving average is still holding the price from below, supporting the attempts to …
Read More »The Pound Trying to Recover 26/1/2022
Oil, Crude, trading
Read More »Oil is Looking For More Gains 26/1/2022
Oil, Crude, trading
Read More »Gold Resumes Its Rise, Eyes on Fed 26/1/2022
Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …
Read More »The Euro Continues Its Gradual Decline 26/1/2022
The single European currency declined significantly against the US dollar, within the expected bearish context during the previous analysis, heading towards the first price target, 1.1270. Technically, the Euro tried to benefit from the 1.1270 support floor, which forced the intraday movements to a limited upward bias to retest 1.1300. …
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