Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine. A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an …
Read More »GBP/JPY: Consolidate Above 14/2/2022
The Canadian dollar is trying to maintain its recent gains during last week’s trading, after it sought to establish a solid support floor around 1.2665, to witness intraday movements stability above 1.2700. Technically, the return of the simple moving averages provides a positive motive and the clear positive crossover signs …
Read More »GBP: Below The Psychological Barrier 14/2/2022
Oil, Crude, trading
Read More »GBP/JPY: Retesting The Support 11/2/2022
GBP/JPY touched the bullish target required to be achieved during the previous trading session, at 157.40, bypassing the target station, to record its highest level around the psychological barrier of 158.00. On the technical side today, the pair failed to maintain its gains due to hitting the resistance level at …
Read More »GBP: Hits The Resistance 11/2/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 10-2-2022
The US data was the highlight during the previous period. There were 223,000 initial claims for unemployment benefits in the US during the week ending February 5, the data published by the US Department of Labor revealed This reading came in better than the market expectation of 230,000. Inflation in …
Read More »GBP/JPY: Positive Attempts 10/2/2022
The gradual rise of GBP/JPY within an ascending path to the upside, approaching by a few points from the official station 157.00, to record the highest level at 156.85. Today, by looking at the 60-minute chart, we notice that the pair continues to obtain positive motive from the 50-day SMA, …
Read More »GBP: Negativity Needs to Confirm The Breach 10/2/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 9-2-2022
Oil prices stabilized at around $90 a barrel on Wednesday, but the prospect of increased supplies from Iran and the United States kept prices under pressure. Brent crude futures fell 36 cents, or 0.4 percent, to $90.42 a barrel by 1150 GMT. West Texas Intermediate crude fell 43 cents, or …
Read More »GBP/JPY: Repeats Attempts to Rise 9/2/2022
The pound against its Japanese counterpart touched the first target published during the previous report, at 156.45, recording the highest level at 156.72. Today, and carefully looking at the 60-minute chart, we notice that the pair continues to obtain a positive stimulus from the 50-day simple moving average, accompanied by …
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