Oil, Crude, trading
Read More »Oil is making notable gains 26/1/2024
US crude oil futures exhibited significant gains in the previous session, in line with expectations, reaching the officially targeted station outlined in the preceding technical report at $77.30 and marking a peak at $77.46 per barrel. A technical analysis on the 4-hour timeframe chart reveals the continued influence of simple …
Read More »Euro is facing negative pressure 26/1/2024
The Euro/Dollar pair experienced predominantly negative trading dynamics in the previous session, influenced notably by the decisions of the European Central Bank, marking its lowest point at 1.0820. In terms of technical analysis today, a detailed examination of the 4-hour timeframe chart reveals the pair’s intraday trading stability below the …
Read More »CAD attacks the resistance 25/1/2024
The Canadian dollar displayed notable gains in the wake of the Central Bank of Canada’s decision, defying the previously anticipated negative outlook that was contingent on maintaining stability below the psychological resistance barrier of 1.3500. From a technical analysis perspective today, intraday movements of the pair are holding steady above …
Read More »USD/JPY rests on support 25/1/2024
japanese-yen
Read More »GBP consolidated against USD 25/1/2024
Oil, Crude, trading
Read More »Oil touches the required targets 25/1/2024
US crude oil futures prices have surged as anticipated, reaching the designated target in the previous trading session at $75.20 and coming within a few points of the subsequent target at $76.00. The recorded peak stands at $75.80 per barrel. From a technical perspective, oil prices are holding steady above …
Read More »Euro waiting for a signal, all eyes on ECB 25/1/2024
Positive developments were observed in the Euro/Dollar pair’s movements in the previous trading session as it endeavored to offset earlier losses. Leveraging the support at 1.0840, the pair made a resurgence, testing the resistance at 1.0930 once again. In the context of today’s technical analysis, a closer examination of the …
Read More »ECB Preview: Forecasts from major banks
As anticipation builds for the European Central Bank’s (ECB) upcoming Monetary Policy Decision on Thursday, January 25, financial markets are keenly focused on the potential outcomes and the accompanying commentary from ECB President Christine Lagarde. Here’s an overview of the expectations and analyses provided by economists and researchers from major …
Read More »CAD below resistance, eyes on BoC 24/1/2024
Positive trades were evident in the movements of the Canadian dollar, although positivity remained constrained as the pair stabilized below the formidable resistance level at 1.3500. From a technical analysis standpoint today, intraday trading shows stability below the psychological barrier resistance of 1.3500. The 14-day momentum indicator has started to …
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