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Oil, Crude, trading
Read More »GBP settled below resistance 10/8/2022
Euro faces strong resistance 10/8/2022
We adhered to intraday neutrality during the previous session due to the conflicting technical signals to see the euro challenging to surpass the minor resistance level published during the last report represented by the price of 1.0240, which limited the bullish bias. Technically, signs of negativity began to appear on …
Read More »Gold rises as US dollar rattled by inflation fears
Gold futures ended session higher on Tuesday buoyed by dollar weakness ahead of US inflation readings due to be released next Wednesday amid forcastes inclined to lower inflation in July. Gold settled at 1793 USD per ounce versus last Monday close at 1788 USD per ounce. The low of the …
Read More »The dollar is falling as investors await US inflation data
The dollar fell during trading on Tuesday, August 8, as investors awaited US inflation data this week for signs that price pressures in the United States will ease after raising interest rates. The dollar index, which measures the value of the US currency against a basket of six competing currencies, …
Read More »The dollar is falling slightly as investors await inflation data
The dollar fell slightly from its highs on Tuesday as investors awaited US inflation data this week, as they fear a surprise may increase pressure to raise interest rates. This data is due out on Wednesday, with things expected to remain calm until then. The Australian and New Zealand dollars …
Read More »Dow Jones faces temporary negative pressure 9/8/2022
Oil, Crude, trading
Read More »CAD faces resistance 9/8/2022
Negative trading has regained control over the movements of the Canadian dollar after it failed to stabilize for a long time above the strong resistance level published during the previous analysis at 1.2930, which forced it to trade negatively again. Technically, the pair’s current movements are witnessing a return to …
Read More »GBP waiting for the daily trend 9/8/2022
Oil, Crude, trading
Read More »Euro is waiting for direction 9/8/2022
The movements of the EUR/USD pair witnessed positive attempts at the beginning of the first trading of this week, but still limited positive, with the stability of trading below the resistance level of 1.0240. The technical aspect refers to the conflict of technical signals, and we note the negative pressure …
Read More »The dollar is falling, losing some employment data gains
The dollar fell on Monday, losing some of the gains it made on the back of strong US employment data released on Friday as currency markets reversed their initial reaction. The higher-than-expected US employment data last week boosted the dollar’s strength against the major currencies. Traders saw the data as …
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