News of the day, Friday, May 6
Asian shares decreased to a 7-week low as the U.S. interest rate hike and China’s persistent zero-Covid strategy fear investors.
The British Prime Minister Boris Johnson loses London voters in local elections after the scandal when Johnson broke his own Covid rules.
The …
Gold was unable to hold above 1900.00 and 1890.00 levels to return to the bearish rebound and close yesterday's trading session below the mentioned level. The descending path is resumed within the descending channel that appears on the chart.
Moving averages press the price further down. Where the moving average …
The GBP/USD pair continues to move lower after breaking the 1.2500 support level, which is close to the 61.8% Fibonacci retracement, breaching several levels of support, before the movement temporarily stabilized near the 1.2350 support.
The moving averages constitute an additional negative pressure factor on the price, being within the …
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