A European Commission spokesman said on Monday that Russia could pump more gas to Europe via other routes after the Nord Stream 1 pipeline was shut down, but Moscow chose not to. “If there is a technical problem that hinders supplies via Nord Stream 1, it is possible, if there …
Read More »Financial Markets’ Weekly Recap, Aug 29- Sept 2
The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …
Read More »Market Drivers – European Session 2/9/2022
Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and slightly better than the market expectation of 300,000. Further details of the publication revealed that the …
Read More »GBP/JPY: Building on Support 2/9/2022
GBP/JPY found a good support area represented by the bearish target of the last report at 160.85, which forced it to rebound to the upside during the early trading of the current session. Technically, the pair was based on the support level of 160.85. However, we find the simple moving …
Read More »GBP extends losses 2/9/2022
Oil, Crude, trading
Read More »GBP/JPY: facing negative pressure 1/9/2022
GBP/JPY could not achieve the idea of retesting the resistance level 162.40 to complete the mentioned descending official path, touching our desired target at 160.85. Technically, the negativity of Stochastic supports the possibility of a downside move, which comes in conjunction with the negative pressure from the simple moving averages. …
Read More »GBP is the biggest loser against USD 1/9/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 31/8/2022
The euro slipped back below par against the dollar on Wednesday. They extended its decline for the third consecutive month as the deepening energy crisis fuels recession fears, while the European Central Bank pushes ahead with interest rate hikes. Russia on Wednesday halted gas supplies from the Nord Stream 1 …
Read More »GBP/JPY: may witness a temporary rise 31/8/2022
During the previous trading session, the British pound fell against its Japanese counterpart within the expected bearish context, heading for the expected bearish targets at 162.00 and then 161.45. Technically, we tend to the limited positivity and expect a bullish bias in the coming hours, based on the positive crossover …
Read More »GBP: Trying to recover within the bearish trend 31/8/2022
Oil, Crude, trading
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