Month: January 2022

The shared currency edges lower during the New York session by 0.14%. EUR/GBP Technical Outlook: Downward biased, but a break under the 0.8300 figure, would push the pair towards lower prices. The EUR/GBP slide for the second time of the week, though, remains trapped in the 0.8320-65 range for the sixth consecutive day. The EUR/GBP
0 Comments
Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel. It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting a low
0 Comments
In this article JPM JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $3.01 per share,
0 Comments
Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got practically no support from expectation of three Fed hikes year this, and tumbled broadly. Euro finally broke out of range
0 Comments
GBPJPY moves below a floor between 155.918 and 156.06 The GBPJPY is trading lower for the second consecutive day after the high price from yesterday stalled against the swing area/ceiling between 157.42 and 157.766. Today, the pair moved below a old ceiling/floor going back to December 31 between 155.918 and 156.06. The price is currently
0 Comments