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Appetite in Europe was weak yesterday in the absence of American markets. The French CAC40 remained firmly offered near its 200-DMA and fell 0.77%, the European Stoxx 600 index retreated 0.17%, and...
It will be a quick update today, as the situation is almost identical to what it was in the previous days. In other words, the situation is developing in line with what I wrote previously. Quoting my...
BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...
Gold Trades Sideways Awaiting for US Retail Sales Data On Monday, the exchange rate for XAU/USD fluctuated between 2,310 and 2,328. Market participants were awaiting a series of economic reports and...
The euro is steady on Monday. EUR/USD is trading at 1.0732 in the North American session, up 0.29% on the day. French election triggers market turmoil France’s financial markets took a tumble late...
Gold Rose on Expectations of Interest Rate Cuts On Friday, the XAU/USD pair showed strong growth, rising by 1.30%. The price increased to the local resistance level of $2,335.00, testing it several...
The long-term rangebound EUR/USD seems to be preparing a big move out of this symmetrical pattern be it due to political or interest rate reasons. We will see. Original Post
The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the...
The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in...
From its high point on Friday to its lowest so far this week, the EUR/USD has fallen about 170 pips, or 1.57% in the pace of two and a half sessions. Friday’s drop was triggered by a stronger US jobs...
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