EUR/USD Could Restart Increase If It Clears This Resistance

EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected 3.4%. […]

EURUSD advances after violation of restrictive trendline Reclaims both 50- and 200-day SMAs Oscillators suggest that bullish forces are strengthening EURUSD has been attempting a recovery from its one-month low of 1.0666, with the price crossing above the downward sloping trendline in place since December 2023. After some volatile sessions, the pair managed to conquer both […]

Gold price recovers its losses around $2,060, up 0.14% for the day. The US ISM Manufacturing PMI came in at 47.4 vs. 46.7 prior, better than the expectation of 47.1. Market players will monitor the US ADP Employment Change and weekly Initial Jobless Claims on Thursday. Gold price (XAU/USD) bounces off the multi-day lows near […]