Market Overview: EUR/$ pair is trading at the 1.0715 level. Current market sentiment reflects cautious optimism with a development influenced by a mix of economic indicators and geopolitics. The market is still in a state of volatility, with periods...
In forex trading, candlestick chart patterns play a crucial role in technical analysis, helping traders predict future price movements based on historical price data. Among these patterns, the "Counseling Baby Swallow" pattern, while not a standard...
Date: 28th June 2024. Market News – Dollar corrects ahead of the PCE. Asian European Open: * Stocks rose marginally, with some help from a bounce in tech shares. The NASDAQ rallied 0.3%, with the SP and Dow each up 0.09%. Financial Markets...
The pair fell below 1.0700 on Thursday, erasing recent gains as confidence in the Euro (EUR) weakened due to political instability within the European Union (EU). This decline coincides with disappointing US Producer Price Index (PPI) figures, which...
Based on the H4 chart, it is possible for the XAU/USD pair to resume its upward trend. Last week, the pair was trading around the level of 2330, influenced by news events. Currently, the pair is trading within the range of 2338-2336. A significant...