Latest Market News
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 4/8 and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the asset breaks the support at […]
The most important market event yesterday was a surge of longer-maturity Treasury yields, which apparently triggered greenback rally and sell-off in equity markets. The fact, that this happened after the Fed meeting suggests that the central bank’s efforts to control inflation proved unconvincing and investors decided to sell bonds, in other words, demanding more compensation […]
GBP Under Pressure The short trade issued in GBPCAD from the break of 1.6293 has now hit its final target at 1.5899. Yesterday’s BOE meeting saw the UK central bank issuing a warning of a massive downturn to come in the UK as a result of soaring inflation, ongoing supply-chain issues and tighter monetary conditions. […]
• Standard Chartered reversed from resistance zone• Likely to fall to support level 5.510 Standard Chartered earlier reversed down from the resistance zone lying between the multi-month resistance level 5.8 (which stopped the sharp uptrend in February) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier impulse wave […]
Top golfers from Africa and Europe will be eyeing lucrative Bitcoin (BTC) payouts at the end of the 2022 season after a new sponsorship of South Africa’s Sunshine Tour. The year-long season sees golfers compete for the top spot on Sunshine Tour’s overall leaderboard, the Order of Merit. Crypto platform Luno, which has a big […]
U.S. stock indexes finished lower on Friday, capping a turbulent week on Wall Street with modest losses after the Federal Reserve moved its policy rate up by a half-percentage point and signaled similar increases were likely at the central bank’s next two policy meetings. The Dow Jones Industrial Average DJIA, -0.30% shed about 96 points, […]