The chances of the Federal Reserve keeping its policy unchanged in May have increased after the release of US production inflation data for March. Overall production inflation unexpectedly turned negative in March: prices fell by 0.5% in a month, although it was forecasted that they would remain at the same level: The market enthusiastically received […]
The money management decision is taken to dictate the level of involvement within a market. The following step is the actual purchase or sale which sometimes can be the most difficult part of the whole process. To actually place a trade as to how and where to enter the market is a combination of technical […]
The labour market report for March left mixed feelings, as it did not confirm the slowdown in employment growth that seemed to be evident in a number of other reports (initial jobless claims, ISM in the service sector, JOLTS job openings, etc.). Therefore, it was expected that the US inflation report for March would clarify […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped the consolidation range upwards and could now extend the wave to 1.1090. After the price reaches this level, a link of decline to 1.1003 is not excluded. Next, the price could grow to 1.1144 and extend the wave to 1.1175. Then a decline to 1.1000 could follow. […]
Brent On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 4/8 (87.50) and reach the resistance at 5/8 (90.62). The scenario can be canceled by a downward breakout of 3/8 […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]
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