GOLD MARKET ANALYSIS Last Friday (June 7), gold prices fell sharply. Spot gold fell about 3% throughout the day, closing at $2,292.70/ounce, and the lowest intraday price was $2,286.50/ounce, a plunge of $100. Last Friday, gold suffered a sharp...
The USDCAD currency pair has recently exhibited signs of entering a bullish trend condition. This observation stems from a significant technical indicator: the Exponential Moving Average (EMA) 50 successfully crossing above the Simple Moving Average...
Western Texas Intermediate (WTI), the benchmark for US crude oil, is trading around $77.90 as of Tuesday. The dip in prices, often referred to as "black gold," is attributed to a renewed demand for the US Dollar (USD) and hawkish comments from the...
The chart you've uploaded shows the GBP/USD currency pair on a 1-hour timeframe. Here are the key elements and observations from the chart: 1. **Trend Analysis**: - The chart indicates a downtrend, as illustrated by the downward-sloping channel. -...
USD/CHF Declines as Traders Expect Fed Rate Cutsuring early trading in Europe on Thursday, the USD/CHF pair saw a drop, falling to around 0.8919, a decrease of 0.20% for the day. Traders are increasingly anticipating that the U.S. Federal Reserve...