The currency pair is set to post its first weekly gain in a month, but the broader market sentiment remains cautious. Despite this short-term recovery, the pair continues to face significant headwinds. Ongoing economic struggles in the Eurozone,...
The British pound surged against the US dollar during the North American trading session on Monday, reaching a high of around 1.2670. This significant upward movement was triggered by the release of the UK Purchasing Managers' Index (PMI) data from...
NZD/USD Greetings and Good morning to everyone! Yesterday was a flash day and the buyers of NZD/USD crossed the 0.5780 level successfully. Today, the US news events will help the buyers or sellers to remain stable. So, I prefer a buy order on...
EUR/USD Technical Analysis: Methods and Insights 1. Support Resistance Levels Formal: Support and resistance levels are fundamental tools for technical traders. They identify price zones where the market repeatedly reverses or stalls. For EUR/USD:...
Gold prices are currently in a consolidation phase, driven by a mix of bullish and bearish factors. Following a breakout above $2,665, there’s growing optimism for further gains. However, the next move for the yellow metal will largely depend on key...