Today’s February 4 2022 Market Analysis: Harsh Climate Threatening Petroleum Supply. The US dollar has almost fallen. this week to 2%, which is the most significant weekly decline since March 2020. On the other hand, EUR / USD rose by 0.2% to 1.1456. The main reason for the growth of the euro was the ECB press conference after the political meeting at which the President of the Central Bank Christine Lagarde allowed the impending rise in interest rates. It is supported by Goldman Sachs analysts. In the current report, strategists revealed expectations of two 25 key interest rates in September and December. The decision is due in March.
Read Also:
Meta Stock Falls Leading Pulling Other Social Media Companies Too
Putin’s Powerful Statement – Alphabet Announces 20:1 Share Split
Goldman Sachs and OPEC to Announce Oil Production Increase
Oil rose on Friday as snowstorms hit the United States and promised tight oil reserves. Brent crude increased by 0.5% and WTI by 0.6%. Thus, after the Arctic eruption that hit Texas and disrupted part of oil production, WTI recovered by more than $ 90. While the US freezes, the diplomatic climate does not appear to have changed: the NATO ambassador said the US and its allies would continue to risk sanctions in response to military action on Ukraine’s borders. “Many economic sanctions and consequences” are promised to cover Nord Stream 2, Russia’s main pipeline, the main economic facility.
The price of Brent crude oil is 92.28 USD, WTI – 91.51 USD, GBP / USD – 1.3577, EUR / USD – 1.1458 and gold is valued at 1810.30 USD per ounce.
Gold Analysis
The price of gold is trading around 1805.00 and is waiting for a positive stimulus, which will help push the price to continue positive trades, especially targeting the level of 1825.15, with the break at 1808.00 priismissy accelerating to achieve this. purpose. On the other hand, it should be noted that the eruption of 1797.00 and the stabilization below it will stop the proposed positive scenario and push the price back to the bottom.
Expected trade margin: between support 1790.00 and resistance 1825.00.
Forecast trend: strong.
GBP/USD Analysis
The GBP / USD pair has managed to reach our extended target of 1.3610 and is now trying to break it to show price direction and reaffirm the resumption of the main bullish trend as we expect to reach more positive targets and 1.3685. doe 1.3745.
The bullish trend will therefore remain valid and effective for the foreseeable period, with a break of 1.3610 forcing the price to return to the bottom and initially test the level of 1.3525. Expected volume of trading: between support 1.3525 and resistance 1.3710.
General trend forecast for today: bullish.
EUR/SEK Analysis
A general trend is beginning. The currency pair is between 365 and 135 moving averages. The amazing oscillator shows bull divergence. The oblique channel of the following structure is pierced.
Trading idea:
Buy if the curve is larger than 10.4281 (if a rising wave structure is created).
Stop loss below the glass level 10.3628.
Target level: 10.5520.
Trading idea for Siemens AG (XETRA) #SIE
A general trend is beginning. The structure of the subsequent waves is cut off. The amazing oscillator shows bull divergence.
Trading idea:
Buy when the emerging wave structure is formed, where the wave (A) intersects the inclined channel of the truncated progeny structure.
Stop loss below the local minimum of the broken offspring structure.
Target level: 147.20; 156.90.
DisclaimerData on these pages contains forward-looking explanations that imply dangers and vulnerabilities. Markets and instruments profiled on this page are for instructive purposes just and ought not at all appear to be a proposal to trade in these resources. You ought to do your own careful examination prior to settling on any speculation choices. Investing Scan doesn’t in any capacity ensure that this data is liberated from slip-ups, mistakes, or material misquotes. It likewise doesn’t ensure that this data is of an opportune sort. Putting resources into Open Markets implies a lot of hazard, including the deficiency of all or a piece of your venture, just as enthusiastic pain. All dangers, misfortunes and expenses related with contributing, including all out loss of head, are your obligation. The perspectives and conclusions communicated in this article are those of the writers and don’t really mirror the authority strategy or position of Investing Scan nor its publicists. The creator won’t be considered liable for data that is found toward the finish of connections posted on this page.If not in any case unequivocally referenced in the body of the article, at the hour of composing, the writer has no situation in any stock referenced in this article and no business relationship with any organization referenced. The writer has not gotten pay for composing this article, other than from Investing Scan.Investing Scan and the creator don’t give customized proposals. The creator makes no portrayals concerning the exactness, culmination, or appropriateness of this data. Investing Scan and the creator won’t be responsible for any mistakes, exclusions or any misfortunes, wounds or harms emerging from this data and its presentation or use. Mistakes and exclusions excepted.The writer and Investing Scan are not enrolled speculation consultants and nothing in this article is planned to be venture counsel.
