EUR/USD TIME FRAME CHAT. Examining the EUR/USD's weekly chart, I noticed that the price has recently tested and bounced off a local support level at 1.06675. The week's closing candle appears bullish, with a relatively large upper shadow. Currently,...
Gold prices took a surprising turn on Friday despite initial optimism. The release of the inflation report, indicating progress in currency tightening, initially sparked hopes of the Federal Reserve reducing interest rates later in 2024. This drove...
GBP/USD is falling towards 1.2650 in the European session on Wednesday. Divergent Fed-BoE policy approaches and jitters ahead of the UK election keep the pair vulnerable despite risk appetite. Attention turns to mid-range US data, as UK calendar...
The GBP/USD currency pair displayed a lackluster performance on Tuesday, mirroring a broader market trend characterized by investor caution. The absence of significant economic data left traders hesitant to make decisive bets, resulting in the pair...
The volatility in USD/CAD has increased. This volatility is due to several economic factors, such as the interest rate policies of the U.S. Federal Reserve, inflation rates, and geopolitical tensions. Now, if we analyze the short-term scenario, it...