Energies
About: Designer
Recent Posts by Designer
23 May 2022 – China Pushed Oil Up
Market news summary Markets are trending downwards; China supports crude prices; Gold formed support at $1,840. U.S. Dollar Index (USDX) The dollar index remains in a downtrend channel reaching the support between 102.60 and 102.50. Additionally, the index is trading below the 20 day moving average on the daily chart indicating a possibility for aContinue Reading
22 May 2022 – The Week Ahead
Outlook: In the week ahead, we provide you with the necessary information to build your strategy during the upcoming week with extra knowledge. Market participants await a couple of important speeches, the German inflation data, in addition to the quarterly prelim GDP figures in the U.S. However, the COVID-19 measure remains to pressure on theContinue Reading
20 May 2022 – USDX Broke Below 103.60
market news summary Markets fluctuate in corrective patterns The dollar index broke 103.60 Gold supported at $1,810 U.S. Dollar Index (USDX) The dollar index failed to hold above its support above 103.60 and fell to touch 102.68 to be the lowest in two weeks. Additionally, the index traded below the 20 days moving average onContinue Reading
19 May 2022 – Fed Policy is the Main Concern
FOREX U.S. Dollar Index The dollar was down on Thursday morning in Asia. Safe-haven currencies slowed after the big gains during the last session. However, concerns are growing that tighter monetary policies from the U.S. Federal Reserve and other global central banks could impact economic growth. The U.S. Dollar Index inched down 0.03% to 103.65Continue Reading
19 May 2022 – Markets Are Almost Flat
market news summary Markets are mostly flat; Dollar Index remains near 103.60; Gold supported at $1,810. U.S. Dollar Index (USDX) The U.S. Dollar Index started the fourth declining day in what is seen as a corrective movement trading around the support of 103.60. The long term remains positive above the 20-day moving average on theContinue Reading
