RBA’s Assistant Governor Sarah Hunter recently indicated that these rates are contributing to what is expected to be a mild economic downturn. While the labor market remains tight, showing levels of employment growth, Hunter emphasized that this...
As the pair closes in on a significant historical trendline, it is now forming a Rising Wedge pattern, a technical formation that typically signals a bearish reversal. This pattern suggests that the pair may be poised for a downward breakout,...
Gold shows resilience as it focuses on key levels of resilience Gold prices rebounded on Friday to hit a high of $2,632, slightly above Thursday's high of $2,626. A strong close, placed in the upper third of the daily price range, suggests momentum...
The Kiwi pair is experiencing downward pressure, trading around 0.5600 during the early Asian trading hours on Friday. The price continues to face a bearish sentiment, primarily driven by market expectations of a potential victory for former...
USDJPY currency pair - D1 chart. During this senior period, it is striking how clearly the bearish divergence worked out, which was earlier in November on the MACD indicator. A good descent that ended in late November, early December at the...
