News

Moody’s Investors Service said late Friday it has placed Russia’s and Ukraine’s credit ratings on review for possible downgrades, which in the case of Russia’s debt would mean a slide toward speculative, or junk, ratings. The action was triggered by Russia’s invasion, the bond ratings agency said. Russia currently holds a Baa3 rating, Moody’s lowest […]

BRENT As we can see in the H4 chart, Brent is trading within the “overbought area”. In this case, the price is expected to break 8/8 and then continue moving downwards to reach the support at 7/8. However, this scenario may no longer be valid if the asset breaks the resistance at +1/8 to the […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the support level. At the moment, the asset is reversing in the form a new rising impulse. In this case, the upside target may be the resistance area at 1960.00. At the same […]

Oil prices deepened their decline by about 2% during trading today, Friday, as Brent crude fell to less than 97 dollars, giving up the gains recorded in morning trading. The black gold was trading in the green range with gains of nearly 2% in early trading; Due to fears of disruption to global supplies, as […]

PCE In FocusLooking ahead to today’s US session, the key data focus will be the release of US core PCE for January. Given the hawkish shift from the Fed and the run of strong data we’ve seen recently, the market is poised for another strong reading today. With USD currently trading higher on safe haven […]

Type: Bearish ContinuationKey Levels:Resistance: 14394.75Pivot: 13986.75Support: 13133.25Preferred Case:On the H4, we can see that price is moving along the descending channel . This is signifying bearish momentum. We are expecting price to fall from pivot at 13986.75 which is in line with our 61.8% fibonacci retracement and horizontal swing high resistance to 1st support at […]