Dollar resumes climb on safe haven demand as Iran conflict rages on
Dollar resumes climb on safe haven demand as Iran conflict rages on
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Dollar resumes climb on safe haven demand as Iran conflict rages on
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By RoboForex Analytical Department At its meeting on 18 December, the European Central Bank (ECB) left all key interest rates unchanged, maintaining the deposit facility rate at 2.0%. The decision was widely anticipated, offering no fresh catalyst for meaningful euro movement. While headline inflation for the eurozone remained close to target at 2.15% in November,…
Key Highlights EUR/USD started a fresh decline from the 1.1920 resistance. A major bearish trend line is forming with resistance near 1.1750 on the 4-hour chart. GBP/USD also declined over 400 pips from the 1.3725 zone. USD/JPY rallied and traded closely to the 150.00 handle. EUR/USD Technical Analysis The Euro failed to stay above 1.1880…
USD/JPY is currently testing the 147.34 resistance level, a critical point that could determine the pair’s next move. Potential Scenarios Bullish Breakout: If the price breaks above the 147.34 resistance, it could trigger a further rally, with the next target being the 149.36 resistance level. Support Levels to Watch: Initial support is at 146.55. A…
The Dow Jones clipped into an all-new record peak, but remains flat overall. Equities are tilted upwards, but overall market momentum remains limited. US S&P PMI figures came in mixed on Monday, but Fedspeak dominates. The Dow Jones Industrial Average (DJIA) tested into a fresh record bid on Monday, but middling US data prints and…
Palantir Technologies (PLTR) thrives as demand for data analytics grows. Its stock surged over 140% after Trump’s election, reflecting investor confidence. The company holds a $309 billion market cap and $5.43 billion in cash reserves, ensuring financial stability. Moreover, partnerships with Bain & Company and Divergent Technologies strengthen its market influence. Although analysts warn of…
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…