
Russian-Ukrainian conflict is influencing every economic aspect…
Gold keeps moving inside the ascending channel. It has surged above the psychological mark of $1800 and edged higher to the high of October 25 at $1810. If it manages to jump above this resistance level, the metal will rocket to the next round number of $1820. Support levels are the 200-day moving average of $1792 (which also lies at the lower line of the channel) and the 50-day moving average of $1780.
AUD/USD has surged above 0.7500. It will struggle to break the resistance level of 0.7550 at the 200-day moving average, but if it manages to break it, the way up to the four-month high of 0.7600 will be open. Support levels are 0.7500 and the low of October 22 at 0.7460.
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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