The yield on the benchmark 10-year U.S. government bond has dropped to its lowest level since mid-2023, as traders now price in a nearly 100% probability of a 50-basis point rate cut by the Federal Reserve in October. This overshadowed Tuesday's...
The pair experienced a sharp decline on Thursday, dropping by half a percent and marking one of its worst trading sessions in the latter half of the year. This downturn followed disappointing Purchasing Managers Index (PMI) data from across the...
Federal Reserve Bank of San Francisco President Mary Daly has stressed the importance of a gradual approach to reducing borrowing costs, according to recent statements reported by the Financial Times. Similarly, Chicago Fed President Austan Goolsbee...
Gold technical analysis: If we look at the gold price in a 4-hour time frame, the gold market price is currently moving upwards and has broken the 2676 resistance level. The air distance level created a lot of resistance at this point and prevented...
PIERCING LINE CANDLESTICK PATTERN Piercing Line Candlestick Pattern *Definition:* A bullish reversal pattern, signaling a potential end to a downtrend. *Characteristics:* 1. Forms after a downtrend. 2. Two-candle pattern: - Candle 1: Large bearish...