Gold prices in North America experienced a surge on Friday, driven by two main factors. Firstly, US inflation data came in softer than expected, fueling investor optimism that the Federal Reserve might implement interest rate cuts later in 2024....
The image provided appears to be a technical analysis chart used for trading financial instruments such as stocks, forex, or cryptocurrencies. Let's break down and analyze the key components of the chart: ### 1. **Chart Pattern and Trend Lines** The...
GBPUSD D1 The British Pound (GBP) faced headwinds on Friday after a three-day rally, as the US Dollar (USD) strengthened. The GBP/USD pair dropped to around 1.2760 after the US Dollar Index (DXY) rebounded above 105.00. This rise in the USD came...
The British pound (GBP) took a tumble against the US dollar (USD) early on Thursday, after flirting with a three-month high. This decline comes despite ongoing weakness in the dollar. The dollar's woes stem from disappointing US inflation data. The...
How to Trade Based on Fundamentals: Introduction Trading based on fundamentals involves analyzing the economic, financial, and other qualitative and quantitative factors that influence the intrinsic value of an asset. Unlike technical analysis,...