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Oil prices down after monetary policy tightening moves


News of the day, Friday, June 17

The US dollar rose today with strong gains against the Japanese yen, as the Bank of Japan maintained its easy monetary policy. The Dollar index traded 0.8% higher, and USD/JPY rose 1.6%.

Due to aggressive monetary policy moves, European stocks are expected to …

EUR/USD currency pair analysis

The EUR/USD pair traded with positivity yesterday, as it reached the resistance level of 1.0550, then rebounded from it to the downside in a correction to the bullish track, and it is currently approaching the level of 1.0510, which constitutes its first support levels.

This movement comes with a negative …

GBP/USD currency pair analysis

The pound against the dollar rose strongly during yesterday's trading, and breached the resistance level 1.2370, then returned to decline in a bearish correction and approached the support 1.2250.

The bullish bias will be expected for today, noting that breaking 1.2205 will stop the bullish scenario and pressure the price …

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