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EUR/USD: The US is Not Very Good, Europe is Not Very Bad On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing as well as expected and Europe not faring as […]

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19/08/2024

Gold (XAU/USD) Nears Record Highs Amid Geopolitical Uncertainty and Fed Speculations

The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid ongoing geopolitical tensions. The spotlight remains on the Middle East conflict, with U.S. Secretary of State Antony Blinken slated to […]
05/06/2024

USDJPY Recoups Losses After Bounce Off Rising Line

USDJPY heads north with first resistance at 20-day SMA RSI and Stochastics confirm upside movement USDJPY has reversed back up again after the strong rebound off the medium-term uptrend line and the 50-day simple moving average (SMA), meeting the 23.6% Fibonacci retracement level of the up leg from 140.20 to 160.20 at 155.50. Momentum indicators […]
11/12/2023

GBP/USD – Pound Edges Higher ahead of UK Job Data

UK to release employment report on Tuesday US nonfarm employment payrolls beats forecast and rise to 199,000 The British pound is showing little movement at the start of the week. In Monday’s European session, GBP/USD is trading at 1.2576, up 0.22%. It’s a busy week for UK releases which could translate into volatility from the […]