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Read More »Market Drivers – European Session 8-2-2022
The euro fell for the second day in a row in trading on Tuesday after European Central Bank President Christine Lagarde said there is no need for significant monetary tightening in the Eurozone. The dollar index rose 0.3 to 95.67, and the Australian dollar was little changed at $0.7127, but …
Read More »GBP/JPY: Trying Positively 8/2/2022
The British pound continues its attempts to maintain the bullish bias against its Japanese counterpart within the bullish path published during the previous analysis, recording its highest level at 156.25. Technically, today, and as seen on the 60-minute chart, there is a possibility to continue rising with the price stability …
Read More »The Pound is Testing The MA 8/2/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 7-2-2022
European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. The euro fell …
Read More »GBP/JPY: Stable Above The Support 7/2/2022
Positive trading dominated the pound’s movements against its Japanese counterpart within the expected bullish path during the previous analysis, touching the required price station at 156.10, recording the highest of 156.50. Technically, and as seen on the 60-minute chart, there is a possibility to continue rising with the price stability …
Read More »Pound Presses Support 7/2/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 3-2-2022
It was Central Banks Day today and there are several drivers for the markets. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest rate by 25bps to 0.50%. The Monetary Policy Committee (MPC) voted 5-4 in favor of a 25 bps rate hike. …
Read More »GBP/JPY: May Continue to Rise 3/2/2022
Positive trading dominated the pound’s movements against the Japanese yen within the ascending path published in the previous analysis, touching the target price station at 155.45, recording the highest price of 155.45. On the technical side, the pair’s current movements are witnessing a bullish bias, building on 154.70 support level, …
Read More »The Pound Advances Against The Dollar Ahead of BoE 3/2/2022
Oil, Crude, trading
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