Japanese Prime Minister Fumio Kishida told reporters on Thursday that his country will double its financial aid to Ukraine to $600 million in a coordinated move with the World Bank to support the near-term financial necessities of the Russian-invaded country. “Our country stands by Ukraine,” Kishida said, adding that Japan …

Oil, Crude, trading

The British pound declined noticeably yesterday, within the scenario of retesting the support, as we expected, touching the official target station at 159.20, recording its lowest level at 157.90. Technically, and with careful consideration of the 4-hour chart, the pair found a strong support floor around 158.50, which forced it …

Mixed trades dominated the movements of the Canadian dollar during the last session’s trading to succeed in retesting the resistance level required to be touched during the previous analysis at 1.2895, recording its highest level at 1.2895. Technically, the 50-day simple moving average started to pressure the price from above, …

Oil, Crude, trading

Gold prices maintained negative stability within the expected bearish context during the previous analysis after finding a strong resistance level around 1827, which forced the price to trade negatively again, maintaining the same technical conditions of the last report. On the technical side, the current moves of gold are witnessing …

The support levels published during the previous report at 1.0460, managed to limit the bearish bias, as the euro successfully retested the mentioned level, trying to maintain stability above the resistance level of the psychological barrier of 1.0500. Technically today, and by carefully looking at the 240-minutes, we notice the …

Housing Starts in the US fell 0.2% in April to 1.724M, below last month’s 1.728M and expectations for a rise to 1.765M. Building Permits, meanwhile, fell from 1.879M in March to 1.819M in April, a drop of 3.2%. That was above the expected drop to 1.812M. 

The pace of annual inflation in Canada according to the Consumer Price Index (CPI) rose to 6.8% in April, data released by Statistics Canada on Wednesday showed. That was slightly above expectations for a YoY rate of CPI to come in unchanged from March at 6.7% in April. MoM, prices …

A US proposal to impose tariffs on Russian oil means buyers will have to pay more or look for alternative suppliers, Kremlin spokesman Dmitry Peskov said on Wednesday, May 18. And US Treasury Secretary Janet Yellen said on Tuesday, May 17, that the European Union could combine imposing tariffs on …