The upcoming OPEC+ meeting is expected to discuss crude oil production capacity for 2025. If the current production cut policy is maintained, it could drive oil prices higher, currently ranging between $70 and $68 per barrel. However, the impact...
I initially anticipated a downward scenario for the DXY (US Dollar Index), with the upward movement being viewed solely as a correction. The liquidity zone, marked by the price gap (imbalance) between the levels of 106.627 and 106.491, had been...
The GBP/USD currency pair has been trading within a narrow range of 1.2630 to 1.2700 for the past three days. Despite a brief upward movement above the 1.2700 level, buying momentum was halted by comments from Bank of England Governor Andrew Bailey,...
Gold's Strength Driven by Geopolitical and Monetary Forces: Gold (XAU/USD) continues to gain traction, fueled by geopolitical uncertainties and evolving monetary policy expectations. Political tensions in France and South Korea have heightened its...
Gold prices experienced a modest increase during the North American trading session on Wednesday, driven by mixed US economic data. However, subsequent comments from Federal Reserve Chairman Jerome Powell led to a slight decline in the non-yielding...
