EURUSD short-term analysis – 01 July 2022
The EURUSD is slipping back into its bearish area between the lower blue and red bands on its daily time frame. This weakness comes a day after a rally off…
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EV Makers NIO & XPeng Report Solid Q2 Deliveries
NIO Inc NIO handed over 25,059 vehicles during the second quarter, constituting a 14.4% year-over year rise, but the figure was lower than the one in the first quarter. Last…
Continue readingEUR / GBP Perky after Defending Key Technical Levels
EUR / GBP Analysis The monetary policy differential between the central banks of England and Europe has been supportive recently for the pair. The Bank of England may have been…
Continue readingUSOil Heavy after the First Losing Month of 2022 & OPEC + Commitment to Output Plan
USOil Analysis The Organization of the Petroleum Exporting Countries (OPEC) and ten allies including Russia, known as OPEC + had agreed in early June to accelerate their output increases by…
Continue readingGER0 Sets New June Lows & Risks Posting its Worst Month of 2022
GER30 Analysis Despite upbeat manufacturing activity from China and the lowering of the isolation period for international travelers entering the country, sentiment is downbeat as stagflation fears persist. Germany’s retail…
Continue readingAUD / USD Mixed Despite Lift from China’s Upbeat PMI
AUD / USD Analysis Today’s release showed that factory activity expanded in Australia’s biggest trade partner, as Manufacturing PMI rose to 50.2 in June, from 49.6% prior, with sub-50 reading…
Continue readingOil prices charting platform to potentially take them higher
FXCM’s WTI and Brent CFDs, USOil (left) and UKOil (right), have both charted a higher trough (HT) followed by a higher peak (HP) and are trending up. Moreover, they are…
Continue readingUSDCHF continues to weaken after SNB raised rates earlier in the month
Source: www.tradingview.com The correlation coefficient between USDCHF and the spread between the US and Swiss 10-year notes has risen to 0.76 (bottom chart on the left). The increase in correlation…
Continue readingNAS100 Heads Towards Another Monthly Close in Bear Territory
NAS100 Analysis The Federal Reserve has entered an aggressive tightening cycle this year, in order to bring inflation down, having delivered three rate hikes, with the one earlier this month,…
Continue readingGold’s longer-term momentum favors lower prices
The weekly gold chart has charted a lower peak followed by a lower trough and is trending down. The stochastic measuring the strength of the precious metal’s momentum is close…
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