Cleveland Federal Reserve President Loretta Mester said on Tuesday that she is not yet thinking about adjusting monetary policy and added that she’d like to see further progress on employment, as reported by Reuters. “When the time comes, the Fed should start with the tapering model used after last recession and …
Read More »Bank of England Leaves Policy Settings Unchanged as Expected
The Bank of England’s (BoE) Monetary Policy Committee decided to leave the benchmark interest rate unchanged at 0.10% following the June policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.
Read More »Moody’s: China’s GDP Growth Will Boost Companies’ Earnings
In its latest review report on China, Moody’s Investors Service noted that “China’s economic rebound will buoy demand for goods and services, lifting companies’ revenue over the next 12-18 months.” “Rising demand for goods and services in China, driven by GDP growth, will boost the earnings of most rated companies …
Read More »Bitcoin Holds up And Dogecoin Grabs Attention
Despite the relative decline that Bitcoin, the largest digital currency, is witnessing in these moments of trading today, Thursday, speculators for a return to the rise above the $30,000 levels are steadfast, and have so far succeeded in supporting prices. Despite the panic that dominated the markets due to the …
Read More »China Lodges Complaint With WTO over Australia’s Trade Measures Against Some Chinese Rproducts – Reuters
A monitoring from Reuters revealed that Russian oil prices from the Volga River region for local market supplies for July delivery reached a record high, rising about 11% compared to the previous month due to the rise in oil prices in global markets. Traders said that oil for July delivery …
Read More »Gold Finds Selling Pressure And Settles Below Resistance
The resistance level published during the last analysis, located around 1797, was able to limit the bullish tendency witnessed by gold prices yesterday, which forced it to trade negatively again within a gradual decline to the downside approaching by a few points from the first official target 1770, recording its …
Read More »German Dax Settled Support Floor
The German DAX index came close to achieving our first target published during the previous analysis, located at 15,675, to settle for recording its highest level at 15,654. Technically, we still tend to be positive, but cautiously, relying on the stability of the intraday trading above the support floor of …
Read More »Dow Jones Maintains Its Bullish Corrective Slope
Positive attempts dominated the movements of the Dow Industrial Index during the previous trading session within the bullish context, as we expected, recording its highest level at 33,960. On the technical side today, the stability of trading above the 33,730 support level above 33,630 are technical factors that support the …
Read More »GBP/JPY:ِ Retest Support
On the other hand, we find the 50-day moving average that continues to pressure the price from above, accompanied by the clear negative signs on stochastic. Therefore, the bearish bias is the most preferred during the day, as long as trading remains below 1797 represented by 50.0% Fibonacci correction, targeting …
Read More »The Pound Repeats The Bullish Attack Ahead of BoE Decisions
Oil, Crude, trading
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