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Gold broke the support zone Likely to fall support level 2580.00 Gold recently broke the support zone set between the support level 2625.00 (which stopped wave A at the end of September), the support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from last month. The […]

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18/07/2024

GBPJPY Wave Analysis

GBPJPY reversed from the resistance area Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel from last year and the upper weekly Bollinger Band. The downward reversal from this resistance area created […]
03/03/2024

European Central Bank Gravitating Toward A Mid-Year Rate Cut

Summary The Eurozone economy faced a particularly challenging period during the second half of 2023, with the region only narrowly avoiding a technical recession. Given the challenging growth environment, the European Central Bank (ECB) ended its tightening cycle with a final 25 bps rate hike in September last year and has, since early 2024, indicated […]
20/09/2024

Canadian GDP to Show Modest Growth in July But Below BoC Forecast

Canada’s gross domestic product report for July next Friday will be closely watched to see if cooling in the economy in late Q2 extended into Q3. Early reports are pointing to a 0.1% increase in July GDP that would be slightly higher than the advance estimate for an unchanged reading a month ago but would […]