Market Overview - Page 118

• AUDUSD reversed from support zone • Likely to rise to resistance level 0.7150 AUDUSD currency pair recently reversed up with the daily Bullish Engulfing the support zone lying between the round support level 0.7000 (previous monthly low from the start.

Gold is attempting to return to the $1800 area on Tuesday. The bulls do not want the price fixing below this round level, as they want to avoid the markets starting a wider liquidation of long positions in the metal..

• Gold reversed from support zone • Likely to rise to resistance level 1810.00 Gold recently reversed up from the support zone lying between the key support level 1780.00 (which reversed the pair at the start of January) and the.

Today we have seen the first slowdown in annual inflation in seven months, but the data is better than expected. In January, consumer prices rose 0.4%, up 4.9% on the same month a year earlier. Analysts, on average, were expecting.

Oil has added more than 14% this month, and Brent spot contracts are trading near $90 a barrel. Steady strengthening has been underway for the past two months after it became clear that the widespread Omicron strain is not leading.

Gold is trading near $1840, adding 3.2% from the Jan 7 lows, as a hedge against increased financial market volatility. By comparison, the S&P500 has experienced its worst start to a year in history, losing more than 12% in that.

The ruble remains under pressure on Monday after four weeks of decline. The USDRUB is above 77.7 and approaching the area of last year’s highs. Technically, the situation looks like a moment of truth for the ruble. An easing of.

• NZDUSD reversed from support level 0.6700 • Likely to rise to resistance level 0.6800 NZDUSD recently reversed up from the key support level 0.6700 (previous monthly low from December), strengthened by the lower daily Bollinger Band. The upward reversal.

This corporate earnings season, gaining momentum this week, has so far caused more worries and disappointments than pleasant surprises. Judging by market dynamics, investors are getting rid of shares of pandemic favourites. However, we can’t say yet that they are.

The buying reflex on drawdowns can provide a false start for short-term investors. In the previous two years, markets fell on fears of pandemic effects, but central bankers and governments gave a supporting hand to the economy and pulled the.

• Natural gas reversed from resistance area • Likely to fall to support level 3.525 Natural gas recently reversed down from the resistance area set between the resistance level 4.4, upper daily Bollinger Band and the 50% Fibonacci correction of.

Financial markets rebounded on Thursday after crucial US indices fell about 1% a day earlier. The Nasdaq 100 index closed 1.3% lower and moved into a correction phase, completing more than 10% below the peak. However, this is still a.