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EUR/USD Weekly Forecast: Fed Dovish Shift, EU Data in Focus – Forex Crunch
The EUR/USD weekly forecast has turned bullish after the Fed Chair left dovish remarks regarding rate cuts. Positive Eurozone PMIs limited the downside for the Euro. Markets eye macro releases from both the Eurozone and the US next week. The euro ended the week with a flurry of buying, with EUR/USD breaking through the 1.1700…
NZDUSD Experiences Temporary Halt in Anticipation of Reversal
Market Analysis: Price Retraces to a Fair Value Gap In late December 2023, NZDUSD commenced a notable bearish trend, leaving behind a significant high. This downtrend was characterized by the formation of lower lows, which indicates sustained selling pressure. As the pair approached the 0.58620 level, however, the bearish momentum began to wane, culminating in…
Last-minute bargain hunters send holiday retail sales higher than last year, Mastercard says By Reuters – Forex Trader Hub
By Savyata Mishra and Siddharth Cavale (Reuters) -Price-conscious holiday shoppers opened their wallets for last-minute online discounts on clothing and stocking stuffers, potentially benefiting retailers that also offered such convenient options as free delivery and curbside pickup. The popularity of online shopping has surged due to its convenience, similar or lower prices than in-store, the…
Gold Price Hits $3,340: Why Is Gold Going Up and What’s Next? – Edge-Forex
The gold price today reached an eye-popping $3,340 per ounce, propelled by discrete, high-impact market events. Investors are naturally asking: Why is gold rising today? This surge isn’t generic—it stems from sharply escalating geopolitical and economic dynamics. Let’s break down the factors behind gold surge with specific real-world examples and strong data. Global Tensions Ignite…
Brent Oil Challenges 97.81 as Iran Halts Talks. Peace Trade Faces First Real Test – ActionForex
Just as investors were becoming comfortable with the idea of a US-Iran agreement, oil markets received a sharp reminder of how fragile that assumption remains. Reports from Iran’s state-affiliated Tasnim news agency indicated that Tehran will suspend negotiations with Washington until Israeli operations in Gaza and Lebanon cease. The report also warned that Iran could…
Gold Forecast: Bears Pounce $4,000 Level, Eying Deeper Correction – Forex Crunch
Gold forecast tumbles as risk sentiment improves globally, while investors book profit. Gold finds no respite despite Fed’s imminent rate cut this week. Traders look forward to the US HPI Y/Y and US Consumer Confidence for more impetus today. The gold forecast shows a strong bearish trend as the asset traded was just above $3,900…
