Gold Price Direction Summary The present analysis of Gold price behaviour is subject to discussion. This strengthening is likely due to expectations that the refinancing rate will remain unchanged during the upcoming Federal Reserve meeting. Despite...
WTI oil price edged higher from new almost one month low on Tuesday, signaling that steep fall that extends into second week, may take a breather.The drop was sparked by profit-taking from previous $66.98/$79.35 rally, likely boosted by signals from...
Market Fundamentals: Japan’s Finance Minister Katsunobu Kato expressed concerns over recent currency market movements, emphasizing the government’s commitment to addressing excessive selling of the Japanese Yen (JPY). The ongoing adjustment to the...
From a technical perspective, the EUR/USD has been trading within a descending pitchfork formation extending from the September 2024 highs. The pair recently rebounded off the lower parallel of this formation, with initial support identified at the...
AUD/USD Key Price Levels The AUD/USD currency pair's price behavior analysis is currently up for discussion. The pair continues to show bearish momentum, with selling pressure creating challenges for buyers. While the trend on the hourly chart still...
