Latest Market News
EURUSD, “Euro vs US Dollar” After completing the ascending impulse at 1.1334, EURUSD is expected to correct towards 1.1316, thus forming a new consolidation range between these two levels. Later, the market may break the range to the upside and form one more ascending structure towards 1.1360 or even reach the target at 1.1435. GBPUSD, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3585; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3620 and then resume moving downwards to reach 1.3390. Another signal in favour of a further downtrend […]
The increasing rates of inflation have reflected noticeably on the prices of electricity generated from renewable energy sources in America, and expectations indicate further rises to come. In light of the high demand for goods, coinciding with the recovery from the Corona pandemic, prices rose, including electricity. Nevertheless, expectations indicate that the increase in the […]
Gold prices fell on Friday, due to widespread profit-taking, while the yellow metal was preparing to achieve weekly gains for the second time in a row. Gold found support as investors turned to safe haven assets, awaiting signals of an interest rate hike from the US Federal Reserve meeting next week. Gold prices ended their […]
Risk assets tried to tune in to rebound in yesterday’s session, but later, the decline in US stock indices, led by tech stocks, thwarted these plans. Demand for defensive assets rose on Friday, the yen, dollar and franc advanced, currencies sensitive to fluctuations in the business cycle were under pressure. The relative stability of oil […]
Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well below the -0.6% reading forecast, marking a stark drop from the prior month’s 1% gain. Indeed, at this level, UK retail sales […]