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DXY: The DXY (US Dollar Index) chart currently exhibits a bearish overall momentum, indicating weakness in the US Dollar. This bearish momentum is further supported by the fact that the price is below the bearish Ichimoku cloud, which is a significant technical indicator. There is a potential for a bearish continuation towards the 1st support […]

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21/03/2024

EUR/USD Soars Following Fed’s Decision on Interest Rate Cuts

The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis points. The interest rate remains at 5.5% annually, its highest in 23 years, and has been unchanged for five consecutive […]
08/07/2024

June CPI Preview: Some Payback for May, but Downward Trend Remains

Summary Consumer price inflation likely firmed in June relative to May but remained on a downward trajectory through the month-to-month noise. We estimate headline CPI rose 0.1% in June, with a decline in gasoline prices helping keep the overall increase in prices tame. The core index also looks to have rebounded slightly. We expect core […]
25/03/2024

Gold Pulls Back from All-Time High

Gold moves horizontally within 2,145-2,195 MACD and RSI lose steam Gold prices have been moving lower over the last couple of days after the bullish spike towards the all-time high of 2,222.68 that was posted in the preceding week. The market has been developing within a narrow range of 2,145 to 2,195 since March 7 […]