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BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 1/8 and then continue moving upwards to reach the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks the support at 0/8 […]
Credit AgricoleAsia overnightEven though oil prices remain in retreat, rising US inflation and the news-flow on the Ukraine crisis kept risk on the back foot. News that several Chinese companies will be forced by the US government to de-list from US bourses added to the negative sentiment of stocks in Mainland China and Hong Kong. […]
Daily Market Outlook, March 11, 2022 Overnight Headlines Goldman Sachs Cuts US Growth As Commodity Prices Bite Biden Set To Call For End Of Russia Preferred Trade Status Yellen Sees Painfully High 2022 Inflation But No Recession US Senate Pass $1.5 Trillion Funding Bill With Ukraine Aid China Covid Figures Top 1,000 For First Time […]
• GBPCAD broke key support level 1.670• Likely to fall to support level 1.6575 GBPCAD recently broke the key support level 1.670 (which has been reversing the price from the start of November). The breakout of the support level 1.670 continues the active short-term impusle wave (iii) of the higher order impulse wave 3 from […]
The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries. In a Friday announcement, the White House said leadership from the United States, Canada, France, Germany, Italy, Japan, the United Kingdom […]
U.S. stocks slid into the closing bell on Friday, giving up earlier gains, and leaving the Dow down for five straight weeks as America and its allies looked to ratchet up economic pressure against Moscow to hopefully force the worsening conflict in Ukraine to a swifter end. The Dow Jones Industrial Average DJIA, -0.69% fell […]