The NZD/USD pair experienced a slight decline on Wednesday, pulling back to the 0.5650 level as selling pressure reemerged following Tuesday’s attempt to recover losses. The pair continues to struggle around its 20-day Simple Moving Average (SMA), a...
The GBP/USD currency pair has demonstrated sustained bullish momentum, with the price remaining above the pivotal support level of 1.2417. This key threshold acts as a foundation for the current uptrend, as traders continue to favor long positions...
The latest Consumer Price Index (CPI) report showed headline inflation accelerating to 2.9% as anticipated, but the core CPI, which excludes volatile food and energy prices, rose at a slower pace of 3.2%. This reinforced market expectations that the...
Gold prices are showing resilience as they build on the previous day's recovery from a post-US CPI dip, supported by a combination of geopolitical tensions and concerns surrounding former President Donald Trump. These factors are bolstering demand...
Today presents a significant opportunity for profit on the EUR/USD currency pair, which is experiencing an upward trend. The most strategic approach is to establish long positions at the lowest possible entry point, ideally near the support level of...
