Day: May 26, 2022
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0810. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” After finishing the descending impulse at 1.0643 along with the correction up to 1.0705, EURUSD is forming a new descending structure to break 1.0640 and may later continue trading downwards with the short-term target at 1.0575. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a new consolidation range […]
Oil prices are rising.. Brent crude above $ 116 Oil prices rose during trading today, Thursday, May 26, 2022, to continue their cautious rise this week, amid indications of a tight supply. It comes as the European Union is arguing with Hungary over plans to ban oil imports from Russia, the world’s second-largest crude exporter, […]
Gold prices fell during trading today, Thursday, May 26, 2022, with the rise of the US dollar. The decline comes with the support of the signals shown by the US Federal Reserve policy meeting; The US central bank is likely to continue on its path of raising interest rates. Gold Prices Today The price of […]
• Natural gas broke round resistance level 9.0000• Likely to rise to resistance level 9.65 Natural gas recently broke above the round resistance level 9.0000 (which stopped the earlier minor impulse wave 3 at the start of May, as can be seen below). The breakout of the resistance level 9.0000 continues the active short-term impulse […]
• S&P 500 rising inside wave (iv)• Likely to reach resistance level 4100.00 S&P 500 index earlier reversed up from the key support level 3900.00, standing near the lower daily Bollinger Band and the support trendline of the daily down channel from January. The upward reversal from the support level 3900.00 started the active short-term […]
Bitcoin (BTC) disappointed bulls on upside prior to the May 26 Wall Street open as BTC/USD returned under $29,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets “eerily calm” post FOMC Data from Cointelegraph Markets Pro and TradingView tracked an uninspiring day for Bitcoin, with $800 of losses coming in a single hourly candle several hours […]
Gold prices finish modestly higher on Thursday, after struggling for direction, as day after minutes of the Federal Reserve’s May meeting signaled a willingness by the central bank to potentially pause its course of rate hikes later this year, should economic data weaken. Gold for June delivery GC00, +0.09% GCM22, +0.09% added just 0.1%, or […]
Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years’ time. 3778 Total views 167 Total shares Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border […]
Fed-funds futures traders are pulling back on their outlook for continued rate hikes as revised data released on Thursday shows the U.S. economy contracted by a deeper-than-expected 1.5% annual pace. After the data release Thursday morning, traders placed a 60% chance on the fed-funds rate target getting between 2.5% and 2.75% by December, up from […]
