ECB Rate Cut and Dollar Index Reaction The European Central Bank (ECB) has cut interest rates as anticipated, which initially led to a surprising reaction in the market. Contrary to expectations, the dollar index experienced a temporary decline...
American tariffs may hit global GDP like hammer Global economic risks are growing fast! Markets are anxious, economists are on edge! Something must be done! According to Valdis Dombrovskis, the European Commissioner for Economy, US tariffs on the...
Gold Tests $2,930 Resistance Again Gold prices are experiencing a resurgence without any specific trigger, but the primary target remains to break through the $2,930 resistance level. On Wednesday, gold tested this resistance once more at the 78.6%...
TRADING CHART ON AUD/USD H1. Here's our daily look at the AUDUSD. We'll be looking at how the price is moving on the 1-hour chart, based on supply and demand. The current price is about 0.6344. The closest area where buyers are likely to step in is...
The current analysis of gold prices, particularly on the weekly (W1) chart, suggests that we are not at a point where we can anticipate a rise above the critical level of 2930.86. The market dynamics indicate that it is challenging to push higher,...
