Forex and Cryptocurrency Forecast for December 09 – 13, 2024 The past week exhibited varying trends across major markets. The euro managed to hold its ground against the dollar, albeit within a persistent long-term descending channel. Gold and...
The Australian Dollar (AUD) experienced a significant decline against the US Dollar (USD) in August, particularly after the release of the November Non-Farm Payrolls (NFP) report. This decline was primarily driven by several key factors. The NFP...
The GBPUSD exchange rate on the 4-hour time frame has shown strength, successfully reaching the 200-period moving average. This achievement provides hope for the continuation of the bullish trend, especially if the price can close above that level....
The volatility in gold prices was not significantly impacted by the US employment data last Friday. Prices have been fluctuating since the Asian trading session, but this trend continued after the release of the NFP data and other economic reports....
Australian dollar falls on weak GDP data The Aussie dollar saw a significant drop, mainly due to disappointing GDP data last week. This weaker than expected economic performance has set the stage for a potential move to the 0.6250 level. However,...