Latest Market News
EURUSD is keeping its positive momentum but experiencing slight corrections now and then. The major currency pair continues moving upwards. The current quote for the instrument is 1.0711. There were no important macroeconomic statistics early this week and investors were mostly focused on technical aspects. In the pause between two important meetings of the US […]
AUDUSD is declining in response to disappointing statistics. The Australian Dollar stopped rising against the USD on Tuesday; right now, the Aussie is retreating. The current quote for the instrument is 0.7102. The preliminary statistics published in the morning showed that the Manufacturing PMI in Australia dropped to 55.3 points in May after being 68.8 […]
Indian crude processing increases in April as low-cost Russian oil boosts returns. According to government data released on Tuesday, Indian refiners’ April crude oil throughput was 8.5 % higher year on year, as refiners ramped up runs to take advantage of high returns from discounted Russian oil purchases. According to the data, crude oil throughput […]
Many countries, led by Turkey, are seeking to secure their natural gas needs by concluding agreements and contracts with producing countries, after gas prices in the spot market witnessed record increases during the recent period. In this context, the Turkish Minister of Energy and Natural Resources, Fatih Donmez, announced the conclusion of a deal with […]
Type: Bullish RiseKey Levels:Resistance: 1.09207Pivot: 1.07161Support: 1.05488Preferred Case:On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will continue in its bullish momentum from our pivot at 1.07161 in line with 61.8% Fibonacci retracement, to our 1st resistance at 1.09207 at the swing high.Alternative Scenario:Price may reverse and […]
The Monday rebound of US equity markets increasingly resembles yet another “dead cat bounce” – already on Tuesday, futures on US indices (an indicator of sentiment on the US equity market after the close) and European stock indices have suffered significant losses, indicating that the S&P 500 will likely retest 3900 level at the New […]