Market Fundamentals: Crude oil prices remain under pressure as concerns over slowing global demand overshadow the initial market reaction to an interest rate cut by the People’s Bank of China (PBOC). Despite efforts to stimulate economic growth,...
The GBP/USD pair experienced a slight decline on Thursday, reflecting a cautious market sentiment. This subdued trading environment was driven by several factors. Firstly, ongoing trade tensions escalated with the announcement of potential tariffs...
The GBP/USD wool structure remains somewhat ambiguous but generally clear. There is currently a high probability of long -term mining. The main question concerns the expected wave 2 within 1 that seems unconvincing. On the contrary, Wave 5 looks...
Gold prices surged to a record high of $2,798.53 following the second round of undisclosed Level 1 events, marking a significant milestone in the precious metal's trajectory. This surge occurred amidst a weakening US dollar, which faced selling...
The euro weakened against the US dollar on Thursday, reaching a high of 1.0450 before declining. This comes ahead of crucial economic data releases: German retail sales and inflation figures are due out early Friday, while the US will release its...
