GOLD Price Technical Analysis: Weekly Chart In the weekly charts, Gold is trading in an upward channel. Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Gold will follow an uptrend in the coming weeks. The...
BRENT CRUDE Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude is trading in an upward channel. Brent Crude is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude will follow an uptrend...
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CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts , Crude Oil is trading in an upward channel. Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Crude Oil will follow an uptrend...
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TOP 3 MARKET EVENTS IN THE UPCOMING WEEK U.K. Average Earnings Index +Bonus WHEN: WHAT IT INFLUENCES: 18th January 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The U.S. Building Permits WHEN: WHAT IT INFLUENCES: 19th January 2021 USD and its subsequent pairs WHAT’S HAPPENING: Building Permits measure the...
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U.K. Construction Purchasing Managers Index (PMI) WHEN: WHAT IT INFLUENCES: 6th DECEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates...
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U.K. Composite Purchasing Managers’ Index (PMI) WHEN: WHAT IT INFLUENCES: 23rd NOVEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates...
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U.K. Average Earnings Index +Bonus WHEN: WHAT IT INFLUENCES: 16 th NOVEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average Earnings figure gives us a good indication of personal...