Crude oil prices staged a recovery after dipping below the crucial $70 level, rebounding to the $71 mark. This upward movement was fueled by a combination of factors, including a weaker US dollar and geopolitical tensions. The initial decline in oil...
The price experienced a modest retreat on Monday, surrendering its earlier intraday gains against the Dollar and edging back toward its lowest levels. This decline was sparked by disappointing data, which showed a drop in exports—the first such fall...
THE CURRENCY PAIR GBP-JPY The GBPJPY cross even today seemed to be on a relatively calm Monday and managed to make a breakthrough upwards and reach new highs, which I did not expect today. Of course, Mondays are different and they are exactly...
The currency pair saw a decline during the early Asian session, following the release of the latest U.S. economic report, which revealed an uptick in prices. This led market participants who had been pricing in a larger Federal Reserve rate cut to...
EUR/USD Technical Analysis: Methods and Insights 1. Support Resistance Levels Formal: Support and resistance levels are fundamental tools for technical traders. They identify price zones where the market repeatedly reverses or stalls. For EUR/USD:...
