Technical outlook: Gold price Gold prices increase despite a slight rise in the US Dollar following mixed PMI data. Investors await the Fed’s interest rate decision and economic projections, expecting a 25 bps cut on Wednesday. The market speculates...
The Australian economy is currently facing a period of significant uncertainty, with various factors influencing the outlook for the Australian Dollar (AUD). While the Reserve Bank of Australia (RBA) has maintained an aggressive stance on inflation,...
USD/JPY Price Forecast “USD/JPY’s breakout was well anticipated in our technical scan when we first highlighted about moving averages compression (MAC) last week. We noted that this pattern typically precedes a break-out trade. Daily momentum turned...
Hello, EUR/USD is seen hovering around the 1.0500 level, unable to find a clear directional path. EU PMI data came in better than expected but still points to a contraction in the union. United States PMIs show a sharp contraction in the...
Good to all. As for GOLD, the situation is not very clear yet, they can give it down, but as I wrote yesterday, if we move down, my brain will boil, because I do not understand how to lay out a zigzag to the south in the current situation, it does...
