US crude oil inventories surged unexpectedly last week, with the American Petroleum Institute (API) reporting a significant increase of 10.9 million barrels for the week, in contrast to the previous week's decline of 1.5 million barrels. Market...
The Federal Reserve has decided to keep the federal funds rate steady within the range of 4.25% to 4.50%, citing a resilient labor market and balanced economic risks. The central bank's slightly hawkish stance on inflation has led to modest gains in...
The AUD/USD currency pair is currently showing signs of bullish momentum, with potential price appreciation of 41 to 57 pips. The pivot point is strategically positioned at 0.6202, serving as a critical level that traders closely monitor to assess...
Gold price trimmed intraday losses and recovered above the $2,750 mark after the Fed decided to keep the benchmark interest rate unchanged. Confident Chair Powell's words put near-term pressure on the US Dollar. From a technical point of view, the...
USD/CAD: A Guide to Trading Let's discuss the topic of the analysis of the USD/CAD currency pair's price behavior. On the four-hour time frame for the USD/CAD currency pair, the current quote stands at 1.44471, presenting a buying opportunity with a...
