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FX Weekly Recap: October 14 – 18, 2024
Decelerating global inflation trends, Middle East developments, & the lack of enthusiasm over China’s stimulus plans were the main themes on the forex scene this week. Source link
Ministers confirm locations for seven new towns in England
Ministers have confirmed the locations for seven new towns, which include under-developed inner-city land, a historic village and an existing new town. The programme is being billed by the housing and communities department as the most ambitious housebuilding project in England for half a century, with the planned construction of between 15,000 and 40,000 homes…
EUR/USD Price Analysis: Pair gains traction, breaks above key resistance
EUR/USD rises to 1.0335 on Tuesday, gaining bullish momentum. The pair surges past the 20-day SMA at 1.0360, signaling a potential trend shift. RSI climbs to 50 in positive territory, while the MACD histogram remains flat with green bars. The EUR/USD pair extended its upward movement on Tuesday, advancing to 1.0335 and showing renewed buying interest….
Chart Art: NZD/USD Holds Range Support After Another Retest
Range traders huddle up! NZD/USD looks ready to bounce from an established range support zone, with bulls holding the line so far. Could this open the door for a move toward the higher areas of interest? Let’s take a closer look at the 4-hour time frame: NZD/USD 4-hour Forex Chart Faster with TradingView Uncertainty around…
Silver Tarnished No More
A Case for Silver’s Rise Silver has long been a precious metal that plays a dual role: a store of value and an industrial commodity. With recent economic trends and historical patterns, the case for a significant price increase in silver is becoming more compelling. Below, we outline key fundamental reasons why silver could be…
