Investors and traders quietly resumed activity immediately after turning from a long weekend, with a thrust of optimism as reports suggest that the Omicron variant is much less serious. Before the end of the trading session, news came from France about the reintroduction of restrictions on Omicron Covid-19 spike, the …
Read More »Market Drivers – European Session 27-12-2021
The market was quiet due to the Christmas and New Year holidays. The People’s Bank of China (PBOC) said on Monday that it will steadily implement a management system for real estate financing, as reported by Reuters. The Chinese Ministry of Finance said, today, Monday, that the country will implement …
Read More »Market Drivers – European Session 23-12-2021
During trading today, Thursday, in the currency market, only three of the currencies in the list of major currencies achieved profits and gains against other currencies. The list of winning currencies was presented by the pound sterling, followed by the Australian dollar, followed by the New Zealand dollar. The profits …
Read More »Market Drivers – European Session 22-12-2021
The Turkish lira stabilized and retained its recent gains amid highly volatile currency trading this week. The lira fell in recent trading by about 1.4 percent to 12.57 against the dollar. Still, it retained most of its gains after it rose from record low levels, in the wake of new …
Read More »GBP/JPY: Touches Bullish Targets 16/12/2021
GBP/JPY achieved the idea of the rise published during the previous analysis, touching the official target of 151.40, recording its highest level of 151.40. On the technical side today, looking at the 240-minute chart, we find the simple moving averages continuing to support the bullish curve, in addition to the …
Read More »The Pound Below Resistance 16/12/2021
Oil, Crude, trading
Read More »Market Drivers – European Session 15-12-2021
Markets are in anticipation and calm ahead of the Fed meeting. European shares rose on Wednesday ahead of the US Federal Reserve’s monetary policy decision, which is likely to tilt the pandemic’s stimulus back at a faster pace to counter growing inflation risks. The pan-European Stoxx 600 index rose 0.5 …
Read More »Market Drivers – European Session 14-12-2021
The dollar rose in trading on Monday ahead of a series of central bank meetings this week including the US Federal Reserve, and investors are looking forward to how quickly to end bond buying and hints about when interest rate hikes will begin in 2022. The euro fell, as it …
Read More »GBP/JPY: Looking For Extra Momentum 14/12/2021
Positive movements dominated the movements of the British pound against its Japanese counterpart, within attempts to stabilize above the support level of 149.60. Technically, and carefully looking at the 60-minute chart, we find Stochastic is trying to get rid of the current negativity, in addition to the RSI’s attempts to …
Read More »The Pound Starts Trading Negatively 14/12/2021
Oil, Crude, trading
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