Energies
Monthly Archives: May 2022
20 May 2022 – USDX Broke Below 103.60
Written on May 20, 2022 at 7:42 am, by Designer
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
Written on May 19, 2022 at 10:56 am, by Designer
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
Written on May 19, 2022 at 7:12 am, by Designer
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
Crude Oil Rising above $110
Written on May 18, 2022 at 11:23 am, by Designer
OVERVIEW U.K. Inflation weighing on BOE ECB might hike 50 basis points Oil rise amid China COVID developments FOREX U.S. Dollar The U.S. dollar hopped back on Wednesday, a day after its biggest daily loss in more than two months, as U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the centralContinue Reading
18 May 2022 – Gold Moves Towards $1,785
Written on May 18, 2022 at 7:57 am, by Designer
market news summary USDX holds above 103; Gold targets $1,785; Crude is under pressure. U.S. Dollar Index (USDX) The U.S. Dollar Index started the fourth declining day in what is seen as a corrective movement trading slightly below the support of 103.60. On the daily chart, the long term remains positive above the 20-day movingContinue Reading
U.K. Unemployment Has Improved
Written on May 17, 2022 at 9:56 am, by Designer
OVERVIEW Fed Chairman Speech today U.K. unemployment is improved French Unemployment Fell FOREX U.S. Dollar Index The Dollar Index traded 0.2% lower at 103.953 during the European session. The index fell back from its highest since December 2002 at 105, as gains in global equity markets helped risk appetite rebound to the detriment of thisContinue Reading
17 May 2022 – Crude Oil Is On Fire
Written on May 17, 2022 at 7:02 am, by Designer
market news summary USDX in a corrective trend; Gold is set to further decline; WTI is Overbought. U.S. Dollar Index (USDX) The U.S. Dollar index is running into a corrective movement that appears on the daily chart, but the overall trend remains positive. The dollar retreated from its 20 years high under heavy selling pressure.Continue Reading
16 May 2022 – The Week Ahead
Written on May 15, 2022 at 10:50 pm, by Designer
Outlook: In the week ahead, we provide you with the necessary information to build your strategy during the upcoming week with extra knowledge. While growth outside China has shown some encouraging resilience, this can be linked to resurgent spending on consumer services amid loosened COVID-19 restrictions. However, demand for consumer goods has stalled as householdContinue Reading
13 May 2022 – Gold Trades At $1,810
Written on May 13, 2022 at 6:38 am, by Designer
market news summary USDX pushes higher; Gold towards $1,800; Euro free falling. U.S. Dollar Index (USDX) The U.S. Dollar index remains near the highest level in over 20 years, but the index showed a slow down during the early trades. Despite today’s retreat, the USDX cemented its long-term upward trend closing above the support ofContinue Reading
