Inflation fears pushed bond yields higher, with bonds posting record losses, as traders flocked to stocks. But futures contracts for US indices such as the Dow Jones, S&P 500, and Nasdaq, headed lower. Oil prices also remained volatile with pressure. Investors today seem to be thinking about the distribution of …
Read More »Dow Jones continues to make gains 23/3/2022
Oil, Crude, trading
Read More »The Canadian is Moving Downwards 23/3/2022
The Canadian dollar did not change much, maintaining the downside path after failing to retain trading above the 1.2595 level. Technically, and by looking at the 240-minute chart, we notice that the pair started to pressure the 1.2585 support level accompanied by the continuation of the negative pressure coming from …
Read More »British Pound Rallies Strongly 23/3/2022
Oil, Crude, trading
Read More »The Euro Building on Support 23/3/2022
The eurodollar achieved the first target published during the previous technical analysis at 1.0960, recording the lowest price at 1.0960, returning to the limited bullish bounce, building on support level. It is now hovering around the 1.1030 level. Technically, despite the slight bullish bias, we still believe that the bearish …
Read More »The yen and the euro fell due to the possibility of a US interest rate hike
The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …
Read More »The US dollar is rising after Powell’s comments
The US dollar rose against a basket of major currencies on Monday, following comments from Federal Reserve Chairman Jerome Powell that opened the door for the US central bank to pursue a more tightened path of monetary policy. The greenback fluctuated between small gains and losses earlier on Monday and …
Read More »Dow Jones May Form a Bullish Attack 22/3/2022
Oil, Crude, trading
Read More »CAD: Consolidating The Downtrend 22/3/2022
The Canadian dollar failed to retest the resistance of 1.2640 as we expected. Instead, we relied on the positive signs on the momentum indicator, explaining the idea of retesting the general bearish trend, recording the lowest price at 1.2565. Technically, by looking at the 240-minute chart, we notice that the …
Read More »GBP: Hits The Resistance, Negative Pressure Continues 22/3/2022
Oil, Crude, trading
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