The Australian Dollar (AUD) is facing significant pressure due to both external and internal factors. On the external side, disappointing stimulus measures from China have weighed on market sentiment, while domestic challenges such as the...
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...
Kuwait spends billions on oil extraction Oil is a priority for Asian countries. Kuwait is a prime example. Kuwait Petroleum Corp., the country’s largest company, plans to invest 10 billion dinars ($33 billion) over five years to boost its oil...
Navigating the GBP/ USD Price Activity We will focus on analyzing the price action of the GBP/ USD currency pair in our discussion today. Today we may again try to continue north if they can confirm it; now is the time when there will be chaos. They...
Let’s consider the chart of the D1 period - the AUDUSD currency pair. The wave structure is still building its order downwards. The MACD indicator is falling in the lower sales zone and below its signal line. For many days in a row, the price was...