n the current trading environment, EUR/NZD presents a mixed technical picture that nonetheless holds the potential for a significant rebound, provided that the pivot level at 1.8334 remains intact. With the RSI comfortably above 50, there is...
The USD/JPY pair is demonstrating strong bullish momentum anchored by the pivot at 154.59, which is currently acting as a robust support level. The technical landscape is in favor of a rebound, as evidenced by the RSI remaining above 50, confirming...
European inflation data showed a notable decline, with the Harmonized Index of Consumer Prices (HICP) dropping to -0.3%, down from the previous month's 0.3%. Core HICP inflation also fell into negative territory, reaching -0.6% month-on-month (MoM),...
The technical indicators for GBP/USD provide a clear roadmap for a potential further decline, anchored by the pivot level at 1.2439. With the RSI registering below 50, it becomes evident that bullish momentum is not currently dominant, and the...
Gold prices are facing potential headwinds as weaker physical demand from China could limit the metal's upside potential. Data reveals that China's imports of gold fell 24% to 44.6 tons, marking the lowest level in over two years. As the world's...
