Oil prices experienced a pullback on Tuesday following three days of sharp gains, as traders engaged in profit-taking ahead of a crucial technical resistance level near $77.60. The market was anticipating a potential disruption in Libyan oil...
GBP-USD PAIR REVIEW In addition to the technical indicators discussed above, there are several other factors that need to be considered in this GBPUSD analysis: Support and Resistance Levels : Currently, the nearest resistance can be found around...
Fundamental Analysis Wednesday saw the gold price (XAU/USD) rise beyond $2,500 per troy ounce due to the Middle East's growing geopolitical unrest. Furthermore, the precious metal is supported by US Federal Reserve (Fed) Chair Jerome Powell's...
The USD/CHF currency pair has been trading within an upward trend from a low of 0.8314. However, the buyers' position remains precarious. If the support at 0.8560 is breached and the bears consolidate below this level, the price may quickly return...
The euro strengthened against the US dollar on Tuesday, driven by a decline in the US dollar purchasing pressure. Despite a brief pullback, renewed market risk appetite pushed the euro to its highest levels in recent weeks. However, the euro...