Day: June 18, 2022
EURUSD, “Euro vs US Dollar” The pair has formed w consolidation range around 1.0440 and with an escape upwards suggests a correction to 1.0620. Then the trend is likely to continue down to 1.0380. And if this level is also broken, a pathway to 1.0270 will open. GBPUSD, “Great Britain Pound vs US Dollar” The […]
Type: Bullish RiseKey Levels:Resistance: 62338Pivot: 61354Support: 60446Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out from descending trendline which supports our bullish bias that price will rise from the pivot at 61354 where the swing low support is to the 1st resistance at 62338 in line with the swing […]
The British Pound has been back in demand today following yesterday’s hawkish BOE meeting. While the central bank stuck to the signalled .25% hike, refraining from a larger .5% increase, the bank signalled that further tightening was likely coming in August. Indeed, with inflation at record highs, the BOE signalled that further tightening might be […]
Gold futures declined on Friday to post a loss of roughly 1.9% for the week. It’s been a “bad week for gold prices…as a stronger U.S. dollar and tighter monetary conditions” pushed Treasury yields higher, said Michael Hewson, chief market analyst at CMC Markets UK. August gold GCQ22, -0.45% fell $9.30, or 0.5%, to settle […]
