Dollar gains after Powell’s speech; euro retreats

Dollar gains after Powell’s speech; euro retreats
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Dollar gains after Powell’s speech; euro retreats
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The initial expectation for the Dash 2 Trade market was a surge above the $0.002 price level, which would signal a potential market reversal. However, the bulls were unable to push the market past this key resistance. Previously, the market fluctuated between $0.002 and $0.0025, but the current struggle to break above $0.002 indicates a…
2025.05.29 2025.05.29 Gold Slides As US Court Invalidates Trump Tariffs. Forecast as of 29.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Concerns about stagflation in the US economy have become the primary catalyst for the gold rally in 2025. The current economic climate, marked by accelerating consumer prices and slowing GDP growth, creates a favorable environment for XAUUSD quotes. What…
EURUSD: The EURUSD moved lower early in the US session but did fins support buyers near a swing area between 1.15422 and 1.15549. The low price bottomed off the level and bounced to the 100 hour MA where the price is settling into the weekend. That MA will be the barometer for buyers and sellers…
Capital Economics has anticipated underperformance for the Mexican peso and broader financial assets in the coming year due to political and economic instability. The peso, which has recently seen a depreciation of about 15% against the dollar since early April, is still viewed as overvalued despite its significant drop in July and August. Mexican financial…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Five people with links to Rishi Sunak or the Conservative party are being investigated by the gambling watchdog. Who are they, and what are they being investigated for? Craig Williams The Tory candidate for re-election in Montgomeryshire and Glyndŵr is a key member of the prime minister’s inner circle. As Sunak’s parliamentary private secretary in…