Tuesday, May 18th, today’s news— The Fed maintains its easy monetary policy amid weak US employment data. Deputy Chairman of the US Federal Reserve System (FRS) Richard Clarida believes that the COVID-19 pandemic has become an unprecedented shock for the American economy, and the recovery of economic activity after the …
The dollar against the yen pair closed the last daily candle below 109.22, to fall under expected negative pressure during the upcoming sessions, aiming to test the support of the bullish intraday channel at 108.65 initially, noting that breaking this level will extend the downside wave to reach 107.68 as …
Gold price shows more bullish tendency to try to breach the ascending channel resistance now, which supports expectations for the continuation of the main bullish trend, waiting for the trend towards 1900.00, which represents our next target, noting that SMA 50 continues to support the suggested bullish wave.
Consequently, …
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