General Points about GBPAUD: The GBPAUD market showed strong bullish momentum as it reached the 1.9854 level on Friday. We observed that the GBPAUD market reached the 1.9854 level on Friday, reflecting the dominance of buyers despite various...
Market Fundamentals: China's economy demonstrated resilience in the fourth quarter of 2024, with Gross Domestic Product (GDP) expanding by 5.4% year-over-year, up from 4.6% in the previous quarter. Every quarter, growth accelerated to 1.6%, in line...
The AUD/USD hourly chart reflects a well-defined uptrend following a significant dip in early February. The price is currently around 0.6359, showing signs of consolidation near recent highs. Bollinger Bands indicate reduced volatility, with price...
Market Fundamentals: The Reserve Bank of Australia (RBA) opted to keep interest rates steady at 4.35% during its final policy meeting, but its unexpectedly dovish tone signaled the possibility of a rate cut. Market expectations currently reflect a...
EUR/USD Technical Analysis: EUR/USD has been struggling to break past 1.0850, with 1.0800 acting as a key pivot. The 200-day SMA around 1.0780 is holding as support, while 1.0900 remains a tough resistance level. Support Levels: 1.0780, 1.0750,...
