The pair is hovering near the round-level support of 1.3418 during Monday’s New York session. The pair has shown little movement following the release of the United States Consumer Price Index (CPI) report, which indicated that inflation pressures...
EUR/GBP Price Forecast We remain somewhat concerned that the pound will soon face a correction as UK figures start to point to more urgency for easing, although this week may just be too early for that.” “Second-quarter GDP was revised slightly...
West Texas Intermediate (WTI), the US benchmark for crude oil, faced a sharp decline on Monday, dropping to $69.50 per barrel. This downturn is attributed to speculation about potential OPEC+ production cuts and growing concerns over weakening...
Analyzing Crude Oil Prices The Crude Oil price behavior analysis is a matter for discussion. Looking at the M30 CL chart below, a bullish "Golden Cross" pattern starts forming as the MA74 prepares to cross the MA199 upwards. This development occurs...
The spot price continues to decline for the second consecutive session, trading around $2,630 per troy ounce during Monday's European session. The drop is linked to a decrease in US Treasury bond yields, which has kept US Dollar (USD) bulls on the...