TRADING CHART ON EUR/USD W1 . The chart provided depicts the EUR/USD currency pair on the weekly timeframe, illustrating its long-term price behavior. Observing the trend, the price has remained under significant bearish pressure for a prolonged...
The EUR/USD currency pair experienced a rebound on Thursday, gaining strength and moving closer to the 1.0600 level. This upward trend was fueled by a combination of factors. While European retail sales in October were slightly better than expected,...
•••GBP/USD: Unpacking Today’s(December 9,2024) Market Dynamics••• The GBP/USD pair, known for its dynamic movements, has captured traders’ attention today with a buy price of 1.2746 and a sell price of 1.2744. With the forex market buzzing, let’s...
•••Silver’s Quiet Struggles: Today’s(December 9,2024) XAG/USD Analysis••• Silver, often seen as a hedge against uncertainty, has had a turbulent few weeks. Today, December 9, 2024, it’s hovering just under $30.52 per ounce, following a slight dip...
The Fed remains cautious despite expectations of a rate cut The head of the Federal Reserve System, Jerome Powell, in his recent comments stressed that the strong US economy gives the central bank the opportunity to be cautious about changes in...