News for today, Monday, January 31
Chinese zero-Covid restrictions may impact the global supply chain. Although China has very few Covid cases, even rare occasions of shutting down entire cities and seaports concern the market a lot. Even a short-term lockdown may affect the entire world, acting with a ripple …
Gold price is trading below the 1797.00 level, to keep the negative pressure valid for the upcoming period, which targets visiting the 1770.00 level as the next main station.
Stochastic is starting to lose positive momentum to support the downside expectations, noting that breaching 1797.00 will stop the suggested negative …
The pound sterling dollar pair found strong support at the 1.3400 level, to show some slight positive attempts, while it is still inside the bearish channel that appears on the image, and is under continuous negative pressure from the EMA50, to keep the bearish trend scenario valid and effective for …
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