Latest Market News
The Organization of the Petroleum Exporting Countries on Thursday left its forecast for oil-demand growth in 2022 unchanged at 4.2 million barrels a day. In a monthly report, the cartel tweaked its estimate for demand growth in 2021 by 17,000 barrels a day to 5.7 million barrels a day, mainly due to better performance in […]
USDJPY has been rising for the third consecutive trading session; investors don’t need “safe haven” assets. The Japanese Yen continues falling against the USD. The current quote for the instrument is 115.77. Today’s statistics showed that the PPI in Japan was 8.6% y/y in January, a bit worse than in December, but better than the […]
EURUSD continues consolidating in anticipation of the US inflation data. The major currency pair is consolidating on Thursday. The current quote for the instrument is 1.1443. As a matter of fact, there is nothing going on right now around EURUSD. Investors are focused on the US inflation report for January to be published in the […]
Type: Bullish ContinuationKey Levels:Resistance: 154″17Pivot: 153″10Support: 152″18Preferred Case:Price is trading in a descending channel and near pivot level of 153″10 in line with 23.6% Fibonacci retracement. Price can potentially go to the resistance level of 154″17 which is in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the […]
Daily Market Outlook, February 9, 2022 Overnight Headlines Biden Is Set To Meet With Utilities In New Push For Climate Spending House Passes Short-Term Government Funding Bill, Sends To Senate US Lawmakers Move Closer To Agreement On Russia Sanctions Bill Fed’s Daly Warns US Inflation Could Get Worse Before It Gets Better Fauci Declares Full […]
Despite complaints of technical difficulties, attendees said that they were pleased with the South Korean electronics company’s willingness to embrace burgeoning technology and focus on sustainability. 3523 Total views 47 Total shares Samsung has unveiled its new range of Galaxy S22 premium smartphones at its virtual Samsung 837X space in the Decentraland metaverse. Over 100,000 […]