Crude oil prices have surged to a four‐month high following the Biden administration’s introduction of a new sanctions package against Russia, a move that has provided notable support for the Canadian Dollar (CAD) and added pressure on the USD/CAD...
The hourly gold chart (GOLD, H1) shows a clear uptrend, with prices reaching new highs and consolidating around the $2935 level. The presence of Fibonacci Expansion (FE) levels at 61.8, 100, and 161.8 suggests that traders are monitoring key...
ECB officials are voicing concerns over mounting risks to Eurozone growth as they call for a continued easing of monetary policy through further interest rate cuts. In a recent speech delivered in Tokyo, François Villeroy de Galhau, an influential...
The EUR/GBP currency pair continues to exhibit a bearish trend as price action remains subdued below the critical resistance level of 0.8288, which acts as a formidable barrier against upward movements. The inability of buyers to push the price...
The outlook for the US Dollar and bond yields remains robust as the Federal Reserve is anticipated to deliver fewer interest rate cuts this year, buoyed by an upbeat economic trajectory. Market sentiment is further strengthened by optimism...
