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I initially anticipated a downward scenario for the DXY (US Dollar Index), with the upward movement being viewed solely as a correction. The liquidity zone, marked by the price gap (imbalance) between the levels of 106.627 and 106.491, had been...
The upcoming OPEC+ meeting is expected to discuss crude oil production capacity for 2025. If the current production cut policy is maintained, it could drive oil prices higher, currently ranging between $70 and $68 per barrel. However, the impact...
Hello, After a pullback, GBP/USD rose towards 1.2700 in the second half of the day on Wednesday as the US dollar lost strength following disappointing data releases. Markets are eagerly awaiting Fed Chairman Jerome Powell’s speech. The relative...
The GBP/USD currency pair has been trading within a narrow range of 1.2630 to 1.2700 for the past three days. Despite a brief upward movement above the 1.2700 level, buying momentum was halted by comments from Bank of England Governor Andrew Bailey,...
