News of the day, Monday, 23 May
The U.S. dollar decreased on Monday, as China is set to lift its Shanghai lockdown and return to normal starting from June 1. Additionally, Beijing performed a large rate cut last week that hints at further support for the Chinese economy.
Oil prices …
Gold broke the resistance level 1845.60 and reached the next resistance 1857.60, which is forming near the upper line of the ascending minor channel, within which the price is moving after rebounding from the support 1850.00.
Therefore, the price started giving signals to form an ascending path after it managed …
The GBP pair broke the resistance level 1.2495 and consolidated the bullish scenario with the start of trading this week, thus opening the way to start an ascending path towards the resistance 1.2600, provided it is stable above the 1.2498 level.
Technical indicators support the bullish scenario, as the stochastic …
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