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The dollar weakens as the euro inches higher


News of the day, Tuesday, May 24

Oil prices decreased more than $1 today as concerns over recession possibility and China’s COVID-19 strict lockdowns outweighed expectations of tight supply and an increase in fuel demand in the USA.

European shares decreased sharply today at the open, joining the global selloff. …

Gold analysis


Gold continues its upward movement after breaking the resistance level 1845.60 and settling above it and reaching the initial target 1860.00 with the upper line of the ascending channel within which it is moving.

Therefore, the bullish scenario continues, the strongest of the current ones, and the price continues its …

GBP/USD currency pair analysis


There is nothing new about the movement of the pound against the dollar, as the price continues to rise after it managed previously to break the resistance 1.2495 and consolidate the bullish scenario with the start of trading this week, thus opening the way to start an ascending path towards …

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