Technical analysis of the AUDUSD pair 4-hour chart Over the past weeks, the price has moved in a sideways direction as we see on the chart. During the previous week, the price trended upward in a strong upward wave, but in the middle of the week,...
GOLD MARKET ANALYSIS Spot gold climbed 1.3% to $2,332.55 an ounce on Friday (June 14). Signs of slowing inflation in the United States have raised hopes for a rate cut later this year, and a sharp drop in European stocks last Friday also supported...
USDJPY MARKET ANALYSIS On Friday (June 14), USD/JPY rose 0.17% to 157.29 in late trading. Earlier, it reached 158.26, the highest since April 29. Last Friday, the Bank of Japan decided to keep interest rates unchanged at the interest rate meeting,...
Crude oil prices continue to decline as market sentiment weakens. OPEC+ has announced plans to roll back production cuts implemented in 2023 to address supply constraints and raise prices. This follows a period of low supply, reflected in declining...
Technical analysis of the GBPUSD pair 1-hour chart For two previous trading days, the trend was down, and therefore trading was opened today within price channels with a downward trend. The price has moved in a sideways direction so far, and we...