EUR/USD Technical Analysis: EUR/USD is hovering around 1.0800, struggling to gain any real momentum. The pair recently tested 1.0830, but sellers stepped in, keeping it range-bound. The 50-day SMA near 1.0820 is acting as resistance, while the...
Crude oil prices remain under pressure as a weak demand outlook and rising global economic risks weigh on market sentiment. Investors are closely watching the upcoming Q3 Gross Domestic Product (GDP) data from the Eurozone and the United States (US)...
The latest Federal Open Market Committee (FOMC) minutes indicate that officials remain concerned about the slowing progress in reducing inflation toward the Federal Reserve’s 2% target. Investors are also closely monitoring upcoming Average Hourly...
EUR/USD Technical and Fundamental Analysis Technical Analysis: On the 1-hour time frame, the EUR/USD market was initially in a downtrend and was showing a bearish trend. However, the market has now broken out of its previous structure and is...
China’s economic outlook remains a key driver for the pair, with recent statements from People's Bank of China (PBOC) Governor Pan Gongsheng reinforcing expectations for continued policy support. Gongsheng emphasized that the central bank would use...
