Day: June 15, 2022
The Japanese yen started falling against the US dollar after a pause. The current quote is 135.02. The morning statistics demonstrated that orders for mechanical engineering produce in Japan in April grew by 10.8% m/m, being much higher than the expected -1.5%. In yearly perspective, the index grew by 19.0% against the 5.3% y/y forecast. […]
Spot market prices for LNG tankers this week set annual records, with more long-term leases; This limited the supply of ships to the spot market. This was caused by increased demand for LNG and buyers’ shunning of Russian cargo and ships, following its invasion of Ukraine, according to Putin & Partners, a ship brokerage and […]
Oil prices are falling in volatile trading.. Brent crude is above $120 Oil prices fell, in volatile trading today, Wednesday, June 15, 2022, amid fears that the economic recession and new closures of the Corona virus in China will affect oil demand. Crude prices had started trading on a rise today, before an expected big […]
The Fed will likely yield to the hawkish market expectations and hike interest rate by 75 bp today. Nevertheless, even with such an aggressive move, it cannot be ruled out that the dollar will go into decline following the meeting. Why? Since last Friday, when the May CPI was released, the dollar index has strengthened […]
Type: Bearish MomentumKey Levels:Resistance: 1.2124Pivot: 1.2057Support: 1.1855Preferred Case:On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2057 in line with the swing high resistance to the 1st support at 1.1855 in line with the 78.6% fibonacci projection and 161.8% fibonacci extension […]
U.S. business inventories rose 1.2% in April, the government said Wednesday, to mark the seventh straight increase over 1%. Sales rose 0.4% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.29 from 1.28. […]
Montreal – As part of World Elder Abuse Awareness Day (WEAAD) on June 15, 2022, the Canadian Securities Administrators (CSA) is launching a public awareness campaign focused on helping older adults identify and protect themselves against financial abuse and scams. Financial abuse is the most common form of elder abuse and can become more pervasive […]
U.S. stock benchmarks opened higher Wednesday, as investors await the result of the Federal Reserve’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +1.22% was up around 0.9% soon after the opening bell, while the S&P 500 SPX, +1.37% rose 1% and the Nasdaq Composite COMP, +1.53% gained 1.1%, according to FactSet data, at […]
EURUSD, “Euro vs US Dollar” The currency pair has secured above the Tenkan-Sen line and is moving under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.0515 is expected, followed by falling to 1.0275. An additional signal confirming the decline might become a bounce off the upper […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a reversal pattern Hammer. Going by the pattern, the quotes got in an ascending impulse. The goal of further correction might be the resistance level of 1830.00. However, the market situation might develop in such a way that the quotes will fall to […]
