The GBP/USD pair achieved a ten-week high on Wednesday, surpassing the 1.2700 level for the first time since mid-December. This bullish surge was largely attributed to a perceived absence of negative news, allowing the Pound to capitalize on...
Hello. On Friday, sellers continued to develop the decline, and the day was theirs despite the attempt of buyers to form something upward at the very end of trading. The descending structure is still in force, and now, in order to continue the...
The USD/CHF pair sustained its upward momentum during the early European session on Tuesday, reaching levels around 0.9030, a move primarily underpinned by the strengthening US dollar. Market participants are now keenly focused on the forthcoming...
I consider the signal on Friday to have worked, even though the price did not fully reach the target resistance of 0.90568. I think the consolidation above the broken level and the retest confirmed the validity of the signal. I expect that if the...
Durable goods orders surged by 3.1% quarter-on-quarter in January, exceeding forecasts of 2.0% and recovering from a revised -1.8%. However, a significant portion of this growth was attributed to companies stockpiling goods in anticipation of...
