Bank of America predicts gold prices to rise to $3000 per ounce over the next 12-18 months, while the precious metal retreats against the backdrop of remarks by FOMC official Michelle Bowman about the prospects of raising the federal funds rate. If...
I've analyzed the dynamic pricing behavior of the GBP/USD currency pair, and my forecast has proven accurate. Monday's high was recorded at 1.2697, and the subsequent pullback was smooth, guiding us to the desired levels without any issues. We...
The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...
In Wednesday’s EU session, the EUR/USD pair exhibited notable weakness, flirting with immediate support at 1.0683. This bearish shift in the Euro was precipitated by an unexpected political upheaval in France. President Emmanuel Macron's...