I believe the GBP/USD pair is at a critical juncture, with conflicting signals from technical and fundamental factors. From my perspective, the recent rally to 1.2550 and above reflects a combination of improved UK economic data and technical...
The latest Consumer Price Index (CPI) report showed headline inflation accelerating to 2.9% as anticipated, but the core CPI, which excludes volatile food and energy prices, rose at a slower pace of 3.2%. This reinforced market expectations that the...
This week, the foreign exchange market delivered a brutal lesson to traders, particularly in the USD/JPY pair. I observed a sharp upward impulse that pushed prices up by 300 points with minimal retracements, only to be followed by an equally...
Technical Analysis EUR/USD H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart remains above 70, suggesting that the EUR/USD pair will pull back before continuing its upward trend. On the upside, 1.0500-1.0510 (round number,...
XAUUSD Technical Analysis XAUUSD is currently trading around 2893, experiencing a temporary pullback after testing recent highs near 2925. The market has been in a strong bullish trend, with price action consistently forming higher highs and higher...
