Latest Market News
A trade group representing Europe’s largest energy traders asked governments and central banks for emergency assistance, warning of a cash crunch resulting from commodity-market volatility following Russia’s invasion of Ukraine, the Financial Times reported Tuesday. In a letter, the European Federation of Energy Traders, whose members include BP, Shell and commodity traders Vitol and Trafigura, […]
This morning, the BTC was aiming at $42,000 but the bulls didn’t turn out to be strong enough. Wednesday is highly unlikely to be very volatile until the US Fed announces its rate and monetary policy decisions. It is set to happen at 18:00 GMT, and Fed Chairman’s press conference will start at 18:30 GMT. […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7222; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7255 and then resume moving downwards to reach 0.7005. Another signal in favour of a further downtrend will be […]
Type: Bullish ContinuationKey Levels:Resistance: 4.940Pivot: : 4.497Support: 3.361Preferred Case:We see the potential for a further bullish continuation from our Pivot at 4.497 in line graphical swing low and ascending trendline towards our 1st resistance at 4.940 in line with 61.8% Fibonacci projection. Our bearish bias is further supported RSI being at levels where bounces previously […]
Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its lowest level since the pandemic began. Marking an improvement on the prior quarter’s 4.1% reading and beating estimates for a 4% result, unemployment […]
• Gold broke key support level 1950.00• Likely to fall to support level 1880.00 Gold recently broke the key support level 1950.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from January. The breakout of the support level 1950.00 coincided with the breakout of the support trendline of the daily up channel from […]