The pound against the Japanese yen noticeably declined within the bearish corrective context published during the previous analysis, touching the official target for the last analysis at 161.20, recording its lowest level at 160.47. Technically, today, we tend to the negativity, relying on the stability of trading below 162.30 and …
Read More »GBP incurred strong losses 6-5-2022
Oil, Crude, trading
Read More »European shares rebound after US interest rate hike
European shares rose on Thursday, tracking Wall Street’s rally overnight, after the US Federal Reserve raised interest rates as expected but calmed bets on a major tightening, with sentiment rebounding further thanks to a streak of big profits. The pan-European Stoxx 600 index rose 1.8 percent, reversing many of the …
Read More »GBP/JPY: is witnessing a bearish corrective slope 5/5/2022
Negative movements dominated the British pound against its Japanese counterpart after hitting the resistance level of 163.60, which forced the pair to trade with clear negativity again, to witness the stability of the current movement around the lowest level during early trading at 162.10. On the technical side, today, we …
Read More »GBP testing support 5-5-2022
Oil, Crude, trading
Read More »European shares rise with the support of banks and positive business results
European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates. The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector …
Read More »European shares rise, supported by earnings results at the end of volatile April trading
European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth. By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 …
Read More »GBP in a strong downward wave 29/4/2022
Oil, Crude, trading
Read More »European shares fall due to focus on Russian gas supplies and mixed results for companies
European shares fell in choppy trading on Wednesday as markets received mixed results and as tensions escalated in the energy sector after Russian energy giant Gazprom halted gas supplies to Bulgaria and Poland. The pan-European Stoxx 600 index fell 0.4 percent and appeared to be on its way to a …
Read More »GBP facing strong selling pressure 27/4/2022
Oil, Crude, trading
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