Gold Price At Risk of Additional Losses – Here’s Why

Summary United States: Consumers Maintain Spending Power Amid Slowing Price Growth Data released this week revealed that gradually easing price pressures are promoting consumer resilience, while high financing costs continue to bite producers. Although core CPI remained elevated in November at a 4.0% annual rate, a string of slower monthly prints suggests that disinflation has […]

Cable is coming lower, but the overlapping price action suggests that this is likely a corrective movement within the broader uptrend. However, there could be some further downside as the seven-swing drop is not fully completed yet. In that case, the 38.2% retracement level for wave 4 is around 1.3090, which is also close to […]

According to Reuters, exit polls show that Marine Le Pen’s far-right party, the National Rally (RN), won the first round of parliamentary elections in France on Sunday. The financial market reacted to this with a rise in the euro’s exchange rate against other currencies. Specifically, the EUR/USD rate jumped to its highest level since June […]