AUD/USD Shows Mild Gains Amid Mixed Global Data: The US Federal Reserve's Personal Consumption Expenditures (PCE) Price Index rose 2.5% YoY in July, falling short of market expectations. This modest rise in inflation provided some support to the US...
XAU/USD FUNDAMENTAL AND TECHNICAL ANALYSIS Fundamental Analysis: Gold prices around $2,500 are being affected by a combination of global economic factors. The U.S. Core PCE inflation staying at 2.6%, slightly below expectations, indicates that...
The euro has been under pressure against the British pound, poised for its third consecutive weekly decline. This downtrend is largely attributed to growing expectations that the European Central Bank (ECB) will implement another interest rate cut...
US Crude Oil Fundamental Technical Outlook: US crude oil prices have dropped due to a surprise increase in inventory levels. The EIA reported a 3.5 million-barrel rise, whereas the market had expected a drawdown. This unexpected surplus in supply...
Moving averages are a popular tool in technical analysis, often used to smooth out price data and identify trends over different periods. When using 20-day and 50-day moving averages, you are typically looking to identify shorter-term and...