US dollar dips briefly as Fed cuts interest rates again The US dollar has faced another reason for turbulence. On November 7, the Federal Reserve approved its second consecutive cut in the benchmark interest rate. This time, the cut was limited to...
Forecast of GBPUSD Up to the beginning of this week, the GBPUSD's price movements on the daily time frame chart were within the range zone. Overall, however, the bears have been strong since the previous trading week, when the GBPUSD began to...
The Australian Dollar (AUD) has weakened against the US Dollar (USD) following the release of key economic data. Australia's consumer inflation rate is expected to have slowed down to 3.8% in November, marking a decline from the previous month's...
•••XAU/USD Market Analysis: Investor Sentiment and Technical Insights November 14,2024••• Gold (XAU/USD) is experiencing some price pressure today, trading between 2540.62 (sell price) and 2541.44 (buy price). This narrow price range indicates a...
Price Movement and Trend The price appears to be in a significant downtrend, as indicated by the overall movement of the candlesticks heading lower and the downward slope of the moving average (red line). This downtrend suggests bearish momentum in...
