The last week was certainly a volatile one for the major currency pairs. The GBPUSD saw the biggest movement falling to the lowest level on record, and the EURUSD also reached to a new low for...
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GOLD PRICE FORECAST: XAU/USD PLUNGES TO NEW TWO-YEAR-LOWS BELOW $1640
Gold price tanked to new two-and-half years low at $1638.90. Global S&P PMIs revealed in the EU, UK, and the US sparked investors’ recession fears, increasing appetite for the safe-haven US dollar. Gold Price...
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GBP/JPY PRICE ANALYSIS: PLUMMETS BELOW 155.50 AFTER LOSING MORE THAN 2.93% IN THE DAY
Weaker than estimated UK economic data and UK’s new budget fueled UK’s recession fears. A break below the 200-EMA officially shifted the GBP/JPY as bearish biased. GBP/JPY plunged more than 450 pips or 2.93%...
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Here is the FOMC speaking schedule for next week
Monday 10 am ET Collins 12 am ET Bostic 1230 ET Logan 4 pm ET Mester Tuesday 6:15 am ET Evans 9:55 am ET Bullard 8:35 pm ET Daly Wednesday 8:35 am ET Bostic...
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Another down day/week for the major indices. New 2022 closing low for the Dow.
The major US stock indices are closing lower for the 4th consecutive day. For the week, the majors major indices are also down sharply. Recall from this time last week, Adam warned that this...
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The EUR/USD pair is showing new momentum
EUR/USD is lower this morning and I found a break of the multi-day channel, which is a good sign for further downside.Trade Recommendation: With the break of thechannel below and the strong decline this...
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Novak spoke about the growing energy crisis in Europe
„The bills come for utilities, for gas, which consumers simply cannot pay, this crisis is only growing,” Novak said on the Rossiya 1 TV channel in an interview with Pavel Zarubin in the Moscow....
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IBU-tec: special position in Europe
In the current year, IBU-tec aims to generate sales of between EUR 55 million and EUR 57 million. IR boss Stefan Steck confirms this at GBC’s ZKK. The manager is not concerned about this goal. During his...
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USD/CAD PRICE ANALYSIS: REACHES A NEARLY TWO-YEAR HIGH ABOVE 1.3300 AS BUYERS EYE 1.3400
The Loonie would finish the week with losses above 2%. A dismal sentiment weighed on risk-sensitive currencies like the Canadian dollar. USD/CAD Price Analysis: A daily close above 1.3300 could pave the way towards...
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Canadian dollar hits a 22-month low. What’s next
The Canadian dollar is at an interesting spot on the global spectrum of risk assets at the moment. Domestically, it’s been a good year with strong GDP growth as the economy reopened from covid....
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