The pair edged lower during the Asian session on Wednesday, trading around the 1.0680 mark. However, it lacks strong follow-through buying. The fundamental backdrop and the technical setup warrant caution before anticipating an extension of the...
Hello, Gold fell to $2,310 on Wednesday as investors weighed comments from Federal Reserve officials, who appeared reluctant to cut interest rates amid stubbornly high inflation. $2,279. A break below this would signal a strong downward move. The...
In Wednesday’s EU session, the EUR/USD pair exhibited notable weakness, flirting with immediate support at 1.0683. This bearish shift in the Euro was precipitated by an unexpected political upheaval in France. President Emmanuel Macron's...
Bank of America predicts gold prices to rise to $3000 per ounce over the next 12-18 months, while the precious metal retreats against the backdrop of remarks by FOMC official Michelle Bowman about the prospects of raising the federal funds rate. If...
USD/JPY tests intervention level, buyers may look for a new high above 160. The dollar was again in the intervention zone against the yen during the European session on Wednesday (June 26), hovering just below 160. It was reported at 159.958/68...