West Texas Intermediate (WTI), the US benchmark for crude oil, traded near $78.85 on Thursday, experiencing a slight dip. This downward pressure stemmed from growing optimism surrounding a potential ceasefire agreement between Israel and Hamas. The...
From my perspective, this price action aligns with broader market dynamics that currently favor the strength of the U.S. dollar. The pair has been trading within a descending channel, with brief periods of consolidation and retracements offering...
EUR-USD PAIR FORECAST Although it is quite confusing in choosing trading options on the EURUSD market, if observed carefully on the H4 timeframe, there should still be a big possibility that the trend will continue bearish, because when I tried to...
EUR/USD wobbles around 1.0300 as the US Dollar consolidates while traders re-evaluate the Fed’s likely interest rate outlook for the entire year. Traders see at least one interest rate cut this year after mixed US inflation data for December. ECB’s...
GBP/USD Market Outlook and Analysis The GBP/USD market showed a tone of caution as investors awaited key data from the US. On the hourly chart, GBP/USD trades at 1.22158, moving towards the 100 moving average (EMA) and the 20 simple moving average...
