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Latest News

Latest News

22
May

GBP/USD could move towards the 1,2666 level

Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 1,2546, which will be followed by moving up to resistance level 1,2666. Downtrend scenario The downtrend may be expected to continue, while market is trading below resistance level 1,2546, which will be followed […]

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22
May

Crude Oil is likely to move down to the 64,67 level

Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 73,81, which will be followed by moving up to resistance level 76,74. Downtrend scenario The downtrend may be expected to continue, while market is trading below resistance level 73,81, which will be followed […]

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22
May

Wheat can reach 669 resistance level

Weekly forecast, May 22 – 26, 2023 Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 625, which will be followed by moving up to resistance level 669. Downtrend scenario The downtrend may be expected to continue in case the market drops below support level 593, which will be […]

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17
May

Technical Analysis JAP225

Economic Outlook  Japanese NIKKEI 225 is on the rise trading near an all-time high following positive GDP data and supportive comments from country leaders. The Japanese economy grew at a faster-than-expected rate of 1.6% in Q1, surpassing the projected 0.7% growth. This strong economic performance has boosted market optimism.  The recent earnings season has been […]

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16
May

Chart of The Day

The Australian Dollar (AUD) experienced a decline as doubts arose regarding China’s economic recovery. The latest statistics unveiled a slowdown in activity, with industrial production growing at 5.6% year-over-year until April, falling short of the forecasted 10.9% and below March’s 3.9%. Similarly, retail sales for the same period reached 18.4%, missing the expected 21.9% and […]

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10
May

CPI Data in The Spotlight Today

Futures based on indexes from the Old Continent point to slightly higher opening of today’s trading session in Europe. Markets are looking nervous ahead of the macro publications scheduled for today, which are likely to dictate how the future monetary policy of the major central banks will be created. The crypto market extends bearish trend […]

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09
May

Chart of The Day

Gold price continues its bullish trend trajectory on Tuesday. The price of gold is currently trading around $2,030 per ounce, which is a +0.41% daily change. The upward trend channel has provided continuous positive support to gold prices – marked with dark blue parallel lines. The stochastic indicator is beginning to gather positive momentum, indicating a […]

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09
May

Stock Watch  Airbnb (ABNB.US)

The largest lodging company that does not own a single property, we are talking about Airbnb (ABNB.US) has demonstrated its ability to scale the business effectively, achieving profitability for the first time in 2022 while simultaneously improving margins. In addition, ultra-low rates may be placed on your 2026 convertible notes, while competitors may be left looking for possible […]

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09
May

Dollar edges higher ahead of U.S. inflation data; sterling firms

The U.S. dollar edged higher in early European trade Tuesday, while sterling retained strength ahead of this week’s Bank of England policy-setting meeting. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.183, but remains not far from recent lows. The greenback […]

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