Technical Analysis of XAUUSD XAUUSD closed Friday’s trading session at 2936, positioned between the immediate support level of 2920 and the resistance level of 2945. This suggests a consolidation phase, with the market awaiting a decisive breakout...
Market Fundamentals: Market participants are closely watching the Eurozone HCOB Composite Purchasing Managers’ Index (PMI) and the preliminary reading of the German Consumer Price Index (CPI) for further direction. Mixed inflationary pressures are...
Market Fundamentals: Market sentiment has shifted slightly regarding the Bank of Canada’s (BoC) monetary policy stance after stronger-than-expected labor market data. The latest figures revealed that the Canadian economy added more jobs than...
Technical analysis of AUDJPY The AUDJPY pair closed on Friday at 94.872, positioning itself between key technical levels. The support level is identified at 94.572, while the resistance level stands at 96.789. These levels are critical for...
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