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The AUDCHF currency pair is declining towards a significant demand area on the daily chart, after a period of consolidation in the base region. The current downward pressure has also breached the neckline of a double top pattern formation. This...
Gold prices experienced a modest increase during the North American trading session on Wednesday, driven by mixed US economic data. However, subsequent comments from Federal Reserve Chairman Jerome Powell led to a slight decline in the non-yielding...
The GBP/USD currency pair has been trading within a narrow range of 1.2630 to 1.2700 for the past three days. Despite a brief upward movement above the 1.2700 level, buying momentum was halted by comments from Bank of England Governor Andrew Bailey,...
The upcoming OPEC+ meeting is expected to discuss crude oil production capacity for 2025. If the current production cut policy is maintained, it could drive oil prices higher, currently ranging between $70 and $68 per barrel. However, the impact...