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GBPUSD Technical Analysis in 4 hours: 2023-2-5
In the previous analysis as a reduction in the fluctuation range was expected, we reached the desired targets in the ranges of 1.23690 and 1.22324. We also had a reaction to the trend line, but with the negative divergence in the higher time between the 2
US CB consumer confidence release slightly below forecasts
(CB) Consumer Confidence measures the degree of consumer confidence in economic activities. This index is a leading indicator of consumer spending because it can predict consumer spending, which plays an important role in economic activity. The release of a
Release of the GDP index in line with forecasts
Gross domestic product (GDP) measures the annual change in the inflation-adjusted value of goods and services produced by the economy. This index is the most comprehensive measure of economic activity and the primary indicator of economic health. Canada
Increase in commodity price index in January
Preliminary estimates for January show that the commodity price index increased by 3.7% on average in SDR terms after a 5.0% decline in December. The non-rural sub-index rose in the month, while the rural and base metals sub-indexes were unchanged. In terms
Slight fluctuations in oil prices after a month of decline, markets focus on the Federal Reserve meeting
After retreating in January, oil prices edged lower on Wednesday as markets look for further signs from the Federal Reserve meeting and a potential economic recovery in China. The resurgence in inventories weighed on oil markets after data from the American
The relative growth of stock values in Asia on the eve of the Federal Reserve meeting
Most Asian stock markets edged higher on Wednesday after Wall Street rallied overnight. Traders are now waiting for more signs on U.S. monetary policy from the Federal Reserve’s decisions later today. Regional stocks received positive cues from a strong
AUDJPY Technical Analysis(1 hour) :2023-01-31
In a wide fluctuation range, we expect a decline after the simple and very popular ABCD pattern was completed and the upper limit was reached as a resistance level. The expected targets are a combination of corrective Fibo areas and pivot points. Areas based
AUDCHF Technical Analysis ( 2 hours) :2023-01-31
After the break of the trend line and also the multi-axis, we can expect a decline in the form of a correction to 3 established areas for the time being: 0.647110.644360.64128 All the above areas can serve as support for the return or correction in the form
Gold price forecast: XAU/USD with the strengthening of the U.S. dollar and various trends in the markets, the price of gold will fall to $1900;
Gold prices fell today in European trading after a broad sell-off in the dollar near the key support level of $1,920. As a result, the price trend of the precious metal reverses the correction of the Asian trading at the announced trend line. The reason for
Asian stocks sank following the Federal Reserve possible decision
Most Asian stock indices fell today after concerns escalated about possible tough decisions by the Federal Reserve this week and signs of improving economic activity in China. Despite government data showing China’s manufacturing and services activity
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