The latest Consumer Price Index (CPI) report showed headline inflation accelerating to 2.9% as anticipated, but the core CPI, which excludes volatile food and energy prices, rose at a slower pace of 3.2%. This reinforced market expectations that the...
In my previous analysis, I highlighted the breakout of the descending price channel at the 1.0400 level, which signaled a shift in market dynamics. I observed that the EUR/USD pair had transitioned into a wide flat price channel with an upward...
XAUUSD Technical Analysis XAUUSD is currently trading around 2893, experiencing a temporary pullback after testing recent highs near 2925. The market has been in a strong bullish trend, with price action consistently forming higher highs and higher...
Technical Analysis EUR/USD H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart remains above 70, suggesting that the EUR/USD pair will pull back before continuing its upward trend. On the upside, 1.0500-1.0510 (round number,...
This week, the foreign exchange market delivered a brutal lesson to traders, particularly in the USD/JPY pair. I observed a sharp upward impulse that pushed prices up by 300 points with minimal retracements, only to be followed by an equally...
