This is a follow-up analysis of my prior report Oil Prices Slide Brent Crude Taps 200-day MA. Can it Snap 4-day Losing Streak? published on 13 January 2025. Click here for a recap.From a technical analysis standpoint, Brent has tapped into a key...
NZD/USD continues to trade near a crucial decision point, with 0.5628 acting as a pivotal support level. If the pair holds above this threshold, a rebound scenario is favored, with the possibility of gaining between 34 and 48 pips. The technical...
The spot price is seeing some support from hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock, who highlighted the persistently high core inflation levels, ruling out near-term interest rate cuts. These remarks have...
The GBP/JPY currency pair continues to trade near a crucial pivot level of 192.46, which serves as an important determinant for future price action. If the pair maintains support above this level, the potential for a bullish rebound remains strong,...
European Central Bank (ECB) board member Piero Cipollone has emphasized the need for further interest rate cuts to support the fragile economic recovery in the Eurozone. He also pointed to potential new US trade tariffs as a factor that could...
