The Australian dollar (AUD) experienced a slight decline against the US dollar (USD) on Friday, primarily influenced by the release of the Judo Bank Purchasing Managers’ Index (PMI) data.1 However, positive sentiment was bolstered by news of...
European gas storage below 5-year average, UBS reports The gas crisis is escalating, affecting both Europe and the United States. The issue of natural gas is more relevant than ever! According to experts at UBS, European gas storage levels are...
Market Fundamentals: Australia's economy expanded at its slowest annual pace since the pandemic, with third-quarter Gross Domestic Product (GDP) rising just 0.3%, falling short of market expectations of 0.4%. The weaker-than-expected growth has...
EUR/USD Fundamental Analysis: EUR/USD is struggling for direction today as mixed economic data keeps the pair in a tight range. The latest PMI reports from the Eurozone indicate slower-than-expected manufacturing growth, adding to concerns about...
GBPUSD Technical Analysis GBPUSD recently broke the key resistance level of $1.26000 with strong momentum. Yesterday, the market reached a high of $1.26700, but today’s candle has closed in a bearish formation. Currently, the pair is trading...
