The ongoing OPEC+ meeting is discussing production cuts until 2025, which could lead to an increase in crude oil prices this week. Prices have already risen from around $67 per barrel to over $71 per barrel. This price hike may be driven by...
Gold Price Move Patterns Last week, gold prices strengthened supported by haven demand and large reserve purchases by the Central Bank of China. However, most of the increase was cut again by market confidence in the Fed's interest rate cut at the...
The price action shows significant volatility across the timeframe, with noticeable peaks and troughs. The red moving average (likely a short-to-medium-term moving average such as the 10 or 20-period MA) acts as a dynamic support and resistance. The...
The outlook for the Greenback remains relatively strong in the near term, bolstered by positive US economic data and the Federal Reserve's cautious stance on interest rates. The minutes from the latest Federal Open Market Committee (FOMC) meeting...
The Euro is struggling to find direction amid a key support level The Euro showed considerable indecision during the week, oscillating around the critical level of 1.05. This level has both psychological and technical significance, as it has served...
