Week Ahead – US Election Draws All Eyes, Fed, RBA and BoE Meet

Key Highlights USD/JPY extended losses and tested the 140.70 level. A connecting bearish trend line is forming with resistance at 143.10 on the 4-hour chart. Gold surged above the $2,530 and $2,550 resistance levels. Oil might aim for a recovery wave toward the $70.00 level. USD/JPY Technical Analysis The US Dollar remained in a bearish […]

AUDUSD recovers after hitting 0.6525 But the bulls struggle below key resistance crossroads This increases the chances for another strike by the bears AUDUSD entered a recovery mode after it hit support near the key zone of 0.6525. However, the bulls seem to be struggling to overcome the 0.6615 level and the 50-period EMA, with […]

The bullish rally in gold is fueled by concerns over the Russia-Ukraine conflict stirring safe haven demand. Market sentiment is torn between the prospect of fewer Fed rate cuts in 2025 and rising geopolitical risks Goldman Sachs analysts predict gold will set new records by the end of 2025, further bolstering bullish sentiment. Gold bulls […]