Based on the H4 chart, it is possible for the XAU/USD pair to resume its upward trend. Last week, the pair was trading around the level of 2330, influenced by news events. Currently, the pair is trading within the range of 2338-2336. A significant...
Date: 28th June 2024. Market News – Dollar corrects ahead of the PCE. Asian European Open: * Stocks rose marginally, with some help from a bounce in tech shares. The NASDAQ rallied 0.3%, with the SP and Dow each up 0.09%. Financial Markets...
The USD/CAD currency pair, currently trading around 1.3688, has been experiencing a bearish trend, indicating a period of weakness for the US dollar (USD) against the Canadian dollar (CAD). This decline suggests various economic, political, and...
The pair fell below 1.0700 on Thursday, erasing recent gains as confidence in the Euro (EUR) weakened due to political instability within the European Union (EU). This decline coincides with disappointing US Producer Price Index (PPI) figures, which...
The pair continues its downward trajectory, hovering around 1.0711. This marks the second consecutive day of losses for the pair, reflecting a prevailing bearish sentiment highlighted in recent technical analysis. Specifically, the four-hour chart...