Market Fundamentals: The upcoming US inflation data is set to significantly impact market expectations for the Federal Reserve’s (Fed) December monetary policy decision. According to the CME FedWatch tool, there is a 56% likelihood that the Fed will...
Forecast of Gold The Gold's H4 time frame chart shows that after a tumultuous movement throughout yesterday's New York trading session, the price of Gold began to follow the moving average lines and is currently doing so. Selling is risky for bears...
The rejection candle formed at the current support area further reinforces the possibility of the price moving upward and targeting the resistance area. However, should the price fail to break above the resistance at 1.08546 and the 100-day SMA, the...
The GBP/JPY currency pair experienced a brief surge to a one-week high of 198.25 before encountering selling pressure, retracting to its daily low during the early European session. Prices subsequently dipped below the 197.00 level, suggesting a...
EUR/USD PAIR REVIEW ANALYSIS Currency pair EUR/USD - let's take a look at the D1 chart. At the start of this year, sellers were quite active, seeing a significant decline of about 150 points. The overall wave structure continues to trend down, and...
