The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news from the UK…
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As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but to weaken it…
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Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today · Gold price started a steady increase from the $2,400 zone against the US Dollar. · A connecting bearish trend line is forming…
Citi expressed concerns over the potential impact of the upcoming November US Presidential election on high-beta currencies, predicting that the New Zealand Dollar (NZD) will underperform. According to Citi, the financial environment is likely to see increased risk avoidance as the election approaches, which traditionally does not bode well for high-beta currencies like the NZD….
It’s known that traders, even with little experience, use the head and shoulders pattern. However, it has an inverted version. The inverse head and shoulders is one of the most common patterns experienced traders use in their journeys in the trading world. In this FXOpen article, we will tell you how to spot the inverse…
Citi FX analysts provided insights into the Australian dollar’s performance against various currencies, predicting a challenging path ahead for the AUD. According to the brokerage firm, the recent sharp decline in the exchange rate indicates a long-term ceiling formed just under ¥110 per Australian dollar last month. They anticipate any rebound to be constrained between…
2024.08.16 2024.08.16 Short-term Analysis for Oil, Gold, and EURUSD for 16.08.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to…
Event to watch out for today: 15:30 GMT+3. USD – Building Permits EURUSD: The Euro-dollar pair is building on the previous day’s late bounce from the 1.0950 area and gaining positive momentum during the Asian session on Friday. However, spot prices are unable to capitalize on this rise and are currently trading in the 1.0975-1.0980…