Gold Prices Surge to New Highs The Market’s Reaction Gold managed to hold an advance wave as prices hit a 2732 high to close to the target of 2740. As we see over the chart, Intraday levels show supports around 2700 and 2689, where as long as the market holds above it, the advance wave…
Understanding GBPUSD Trends and its Impact GBPUSD Analysis GBPUSD has managed to stay below the second resistance level of 1.2375, maintaining the downtrend pressure. Looking at the chart, as long as the market remains below 1.2375, the pressure is likely to continue testing the support zone of 1.2035-85. Impact on Individuals For individuals involved in…
The Euro’s Movement and Implications Technical Analysis The Euro has continued its advance above 1.0370, while staying below the key resistance level of 1.0460. Looking at the chart, it is evident that as long as prices remain below 1.0460, the market could see another drop. Potential support levels to watch for are at 1.0300, 1.0175,…
Gloomy Outlook for the Pound Sterling (GBP) and Euro (EUR) By Your Friendly Neighborhood Finance Enthusiast November 3, 2022 So, you wake up in the morning, open your eyes, stretch out your arms, and take your first peek at the latest news in the finance world. And what do you see? The Pound Sterling (GBP)…
The Euro Slips Back in Forex Trading Euro Falls to Mid-1.03 Area The Euro (EUR) has slipped back to the mid-1.03 area after failing to hold gains through the low 1.04s yesterday. This movement in the foreign exchange market was noted by Scotiabank’s Chief FX Strategist Shaun Osborne. Despite initial gains, the Euro was unable…
Playing the Currency Game: How Trump’s Tariff Decision is Impacting the Euro EUR Jumps Overnight on Trump Tariff News If you’ve been keeping up with the latest news in the world of finance, you might have heard about the recent jump in the Euro (EUR) overnight. According to Scotiabank’s Chief FX Strategist, Shaun Osborne, the…
The Impact of Global Currencies on Donald Trump’s Second Presidency An Insightful Perspective from Jeffrey Kleintop As we embark on Donald Trump’s second presidency, it’s crucial to consider the implications of global currencies on the stability of the U.S. Dollar. In a recent analysis by Charles Schwab’s Jeffrey Kleintop, he delves into the world of…
Feeling the Effects of Soft Inflation Data: USD/CAD Pair Buying Interest Seen Near 1.4430 Today in the North American session, the USD/CAD pair is experiencing some buying interest near 1.4430. The reason for this sudden rise in interest can be attributed to Statistics Canada’s recent report on soft inflation data for December. According to the…
