The UK manufacturing sector activity expanded more than expected in December, the final report from IHS Markit confirmed on Tuesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.6 to 57.9 in December, beating expectations of 57.6. According to IHS Markit, Canadian Manufacturing …
Read More »GBP/JPY: Makes Strong Gains 4/1/2022
The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …
Read More »GBP Fails to Maintain Its Gains 4/1/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 29-12-2021
The US merchandise trade deficit widened to a record level in November due to a jump in imports and a fall in exports. The US Commerce Department said on Wednesday that the goods trade deficit increased 17.5 percent last month to $97.8 billion, from $83.2 billion in October. That exceeds …
Read More »Market Drivers – European Session 28-12-2021
The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …
Read More »Market Drivers – US Session – 27 Dec.
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 …
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