Day: May 27, 2022
U.S. stocks opened higher Friday after data showed the Federal Reserve’s preferred measure of inflation slowed in April. The Dow Jones Industrial Average DJIA, +1.59% was up 50 points, or 0.1%, while the S&P 500 SPX, +2.28% rose 0.8% and the Nasdaq Composite advanced 1.4%. The core personal consumption index showed a year-over-year rise of […]
After a 2-day break, EURUSD resumed its growth. The major currency pair is back to growing on Friday. The current quote for the instrument is 1.0746. Demand for the USD is not rather low right now. First of all, the global risk attitude is quite high. Secondly, the US Fed confirms its strategy to tighten […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 1.0730 and breaking it to the upside, EURUSD is expected to continue moving upwards and reach 1.0820. Later, the market may form a new descending structure with the target at 1.0640. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation […]
With natural gas prices soaring, blue hydrogen is no longer a low-cost solution for the UK, but the focus on it is jeopardizing the country’s energy security amid the current supply crunch from Russia’s invasion of Ukraine. A recent report by the Institute for Energy Economics and Financial Analysis finds that the projected cost of […]
Type: Bearish MomentumKey Levels:Resistance: 786’4Pivot: 769’4Support: 735’6Preferred Case:On the H4, price is moving below the ichimoku cloud and within the descending trend channel which supports bearish bias that price will drop from our pivot at 769’4 in line with the 61.8% fibonacci projection , horizontal pullback support and 50.0% fibonacci retracement , to the support […]
Type: Bullish MomentKey Levels:Resistance: 62941Pivot: 62243Support: 61634Preferred Case:With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 62243 in line with pullback support to our 1st resistance at 62941 where the 78.6% fibonacci projection , 78.6% fibonacci […]
• Exxon Mobil broke the resistance zone• Likely to rise to resistance level 100.00 Exxon Mobil recently broke the resistance zone lying at the intersection of the resistance level 95.00 and the resistance trendline of the daily up channel from the middle of March. The breakout of this resistance zone continues the active minor impulse […]
• CADJPY reversed from support zone• Likely to rise to resistance level 101.00 CADJPY earlier reversed up from the combined support zone located between the support level 98.45, lower daily Bollinger Band and the upper trendline of the recently broken weekly up channel from last year, The upward reversal from this support zone started the […]
Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader demands higher low above $28,000 Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week’s price action. BTC/USD […]
A House committee has launched an investigation into gun manufacturers in the wake of two deadly shootings in less than two weeks, its chairwoman said Friday. Rep. Carolyn Maloney, the New York Democrat who leads the House Committee on Oversight and Reform, has asked gun makers Bushmaster Firearms Industries, Daniel Defense, Sig Sauer, Smith & […]
