The EUR/USD hourly chart exhibits signs of consolidation following a recent downward move, with the price stabilizing around 1.0361. The Bollinger Bands indicate a contraction, suggesting reduced volatility and a potential breakout in the near term....
Market Fundamentals: The US Dollar experienced a sharp decline following reports from the Wall Street Journal (WSJ) indicating that tariff hikes were absent from a recent presidential memo. However, the memo revealed that former President Trump has...
Gold prices surged to a new all-time high of $2817 on Friday, buoyed by weaker-than-expected US economic data that fueled speculation of potential Federal Reserve interest rate cuts. This impressive rally saw the XAU/USD pair, representing the price...
Market Fundamentals: The latest report from the US Department of Labor revealed fewer-than-expected jobless claims, offering some reassurance to the central bank, which has acknowledged that labor market risks are skewed to the upside. The second...
Currency pair EURJPY - let’s consider the chart of the D1 period. The price was moving sideways throughout January. Of course, there were movements, but by the standards of the daily period, they were not large. The wave structure is neutral. The...
