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
Read More »GBP/JPY: facing negative pressure 30/8/2022
Negative trading continued to dominate the movements of the pound sterling against the Japanese yen, after it hit the resistance level of 162.65, which forced it to settle negatively. On the technical side, we are inclined to negativity, relying on the clear negativity signs on the stochastic indicator. with because …
Read More »GBP: selling pressure is in place 30/8/2022
Oil, Crude, trading
Read More »GBP: Under strong selling 29/8/2022
Oil, Crude, trading
Read More »Financial Markets’ Weekly Recap, August 22-26
Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …
Read More »GBP: Faces rejection 26/8/2022
Oil, Crude, trading
Read More »GBP is getting positive triggers that need to be confirmed 25/8/2022
Oil, Crude, trading
Read More »