Well, here you have it, 1.05. They started to work out the wedge today without working out the fifth wave in the figure. I don’t know what provoked such a movement. It may well be the situation in Syria or Germany with deflation, but gold, for...
EUR/USD has fallen back below 1.0550 in the European session on Tuesday, driven by fading optimism over potential stimulus measures from China, which has allowed the US dollar to regain strength. The increased dovish stance towards the European...
Renminbi falls prey to Trump’s looming hefty tariffs The Chinese currency is facing a challenge! The yuan will have to contend with the current policies of US President-elect Donald Trump. According to CNBC, China’s authorities are grappling with a...
Euro margins fell as CPI data expected The Euro saw a slight decline during Tuesday's trading session as it appeared to be heading for the critical 1.05 level. This zone has consistently served as a key focal point in recent trading, acting almost...
GOLD TECHNICAL ANALYSIS Looking at the candle movement on the H4 timeframe, the trend is still bullish. However, in last Friday's trading, precisely in the London time zone, XAU/USD experienced a fairly strong decline. The decline also continued in...