GOLD MARKET ANALYSIS Spot gold climbed 1.3% to $2,332.55 an ounce on Friday (June 14). Signs of slowing inflation in the United States have raised hopes for a rate cut later this year, and a sharp drop in European stocks last Friday also supported...
Euro analysis: EUR/USD, EUR/GBP, EUR/CHF UK data is in the spotlight again this week, with headline and core inflation expected to expand further on the progress made in April, but the Bank of England (BoE) remains highly focused on services...
Technical analysis of the GBPUSD pair 1-hour chart For two previous trading days, the trend was down, and therefore trading was opened today within price channels with a downward trend. The price has moved in a sideways direction so far, and we...
Yesterday's trading was bullish until the middle lines of the price channels were touched, which led to the price falling and closing again below the red channel. When we follow the price movement during the previous two weeks, we will find that the...
The AUD/USD currency pair, representing the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD), is currently trading at approximately 0.6611. The current trend for this pair is bearish, indicating a decline in the value of the...