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EUR/USD: A Week of Mixed Data The macroeconomic statistics released last week were mixed in both the United States and the Eurozone. As a result, EUR/USD failed to break through either the 1.0700 support or the 1.0800 resistance, continuing to move within a narrow sideways channel. The US dollar received a strong bullish impulse on […]

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26/08/2024

Gold Wave Analysis

Gold reversed from key support level 2475.00 Likely to rise to resistance level 2535.00 Gold just reversed up from the key support level 2475.00 (former strong resistance which stopped the previous impulse waves (i) and i) coinciding with the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of August. The upward […]
17/09/2024

XAU/USD Outlook: Gold Takes a Breather Under New Record High Ahead of Fed Rate Decision

Gold price edged lower in European trading on Tuesday as bulls take a breather after hitting new record high on bullish acceleration in past three days. Overbought daily studies contribute to a partial profit taking, but dips are likely to be shallow and positioning for fresh push higher in anticipation that Fed will cut interest […]
14/06/2024

RBA Preview: Comforts and Confidence

The RBA Board is expected to leave the cash rate unchanged at next week’s meeting. The recent data-flow will provide some comfort that restrictive policy is bringing inflation back under control, but the path is still uncertain. Vigilance remains the order of the day until the RBA becomes more confident of achieving a sustained return […]