News for today, December 1st:
Wall Street ended lower yesterday after Federal Reserve Chairman Jerome Powell said the U.S. central bank would consider accelerating the tapering of bond purchases. His announcement is prompted by an increase in inflationary risks, which are putting pressure on the market, already unstable due to …
The pound sterling against the dollar traded sharply downward yesterday after testing the 1.3355 level. The price touched the 1.3200 barrier and rebounded upwards to approach testing the 1.3355 level again. The EMA50 meets with this level to add more strength to it, which supports the continuation of the bearish …
Gold price succeeded in touching our awaited target at 1770.00 and now finds strong support there. It shows some temporary bullish bias now, and it may test the 1785.00 level before declining again, waiting to break 1770.00 to confirm the extension of the descending wave towards 1734.00.
The moving average …
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