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 »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 »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 »GBP/USD plummets to sub-1.2500 levels
Oil, Crude, trading
Read More »Dow Jones may witness a decline 24/5/2022
Oil, Crude, trading
Read More »CAD is waiting for pending orders 24/5/2022
Trading tilted to the negative, which dominated the Canadian dollar’s movements yesterday, to find a solid support floor near the 1.2770 level, forcing it to rebound to the upside. It is now hovering around the 1.2810 level. Technically and carefully considering the 4-hour chart, we find a conflict in the …
Read More »GBP is waiting for confirmation 24/5/2022
Oil, Crude, trading
Read More »The Euro Advance against USD 24/5/2022
The Euro provided a trading session in positive areas against the US dollar after it succeeded in building on the support floor of 1.0550 and the Euro’s success in breaching 1.0630, reaching its highest level during the previous trading session 1.0697. Technically, and by carefully looking at the 4-hour chart, …
Read More »The euro rises after hopes of a recovery in growth dampened demand for the dollar
The euro rose on Monday as investors sold dollars on hopes that easing China’s lockdown measures could support global economic growth. The calmer atmosphere in the stock markets in early European trade also put additional pressure on the dollar, which fell sharply last week, but remains the currency of refuge …
Read More »