The currency pair has remained confined within the 1.2630-1.2715 range for the past three days, reflecting market uncertainty in the absence of a clear catalyst. Last week’s robust U.S. jobs report lent strength to the Greenback, propelling it to...
Trading journal Thursday, November 21, 2024 USDCHF Good afternoon, Analysis using a 4-hour time frame shows that on Wednesday night's trading, the UsdChf pair is still trying to swing to maintain an upward wave by trying to move away from the...
IEA warns of global oil glut of 1 million bpd in 2025 The crude oil market could be heading for a glut. According to Bloomberg, citing the International Energy Agency (IEA), the global petroleum market is projected to face a surplus of more than 1...
Yen dives back to July’s lows Tough times have hit the Japanese currency. According to Bloomberg, the yen has taken a significant hit against the US dollar. For the first time since July, the dollar/yen pair crossed the 155.00 mark. This is a...
Gold Analysis On Thursday the point was a little lower and the morning target was to go long around 2647-48. At the low point, gold fell to around 2650. In reality, the transaction started at 2651, went long, and ended around 2670 for a profit of...
