The Euro experienced a further decline against the US dollar on Monday, extending its losing streak to a second consecutive day, with bids gravitating towards the 1.0900 level. This renewed downward pressure on the single currency stemmed from the...
ANALYSIS OF USD/CAD PAIR. On the 30-minute timeframe of the USDCAD chart, we observe a substantial recovery following a steep downtrend that took the price from around 1.4380 down to the 1.4015 level. This sharp decline was characterized by...
I believe that if this move was purely profit-taking from earlier purchases, then on Monday, the price should quickly rise to 1.1100 as part of the trend resumption. I personally expect growth to continue due to the ongoing weakening of the dollar,...
Gold prices experienced a significant downturn on Monday, plummeting by over 2% as a confluence of factors spurred a rush towards the perceived safety of the US dollar. The XAU/USD pair breached the critical $3,000 threshold, touching a low of...
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, is trading near the 103 mark, reflecting a rebound seen last Friday. This recovery came amid a surge in market volatility,...
