Latest Market News
Concerns over the potential for a policy mistake by the Federal Reserve “have clearly broadened,” and are being reflected in a deeply inverted forward spread on the 1-month overnight indexed swap rate, according to strategists at JPMorgan Chase & Co. In particular, the 1-year to 2-year forward spread on the 1-month OIS has declined to […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0810. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” After finishing the descending impulse at 1.0643 along with the correction up to 1.0705, EURUSD is forming a new descending structure to break 1.0640 and may later continue trading downwards with the short-term target at 1.0575. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a new consolidation range […]
Oil prices are rising.. Brent crude above $ 116 Oil prices rose during trading today, Thursday, May 26, 2022, to continue their cautious rise this week, amid indications of a tight supply. It comes as the European Union is arguing with Hungary over plans to ban oil imports from Russia, the world’s second-largest crude exporter, […]
Gold prices fell during trading today, Thursday, May 26, 2022, with the rise of the US dollar. The decline comes with the support of the signals shown by the US Federal Reserve policy meeting; The US central bank is likely to continue on its path of raising interest rates. Gold Prices Today The price of […]
• Natural gas broke round resistance level 9.0000• Likely to rise to resistance level 9.65 Natural gas recently broke above the round resistance level 9.0000 (which stopped the earlier minor impulse wave 3 at the start of May, as can be seen below). The breakout of the resistance level 9.0000 continues the active short-term impulse […]