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…
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,…
The US Dollar Rally Continues What Happened? The US dollar has once again shown strength in the early hours of Tuesday, as American traders enter the market. This rally comes at a time when global economic uncertainty is high, with many investors seeking safe-haven assets to protect their wealth. Analysis The strength of the US…
The Strength of the US Dollar What’s Driving the Rally The US dollar has once again shown its resilience in the early hours of Tuesday, as American traders return to the market with renewed vigor. This latest rally comes on the heels of a period of uncertainty and volatility, as global markets grapple with various…
Economic Turmoil: Understanding the Impact of Tariff Decisions on EURUSD A Rollercoaster of Emotions On Tuesday morning, the EURUSD took a dramatic turn, erasing nearly half of its gains from the previous day. This sudden shift in the currency market was sparked by President Trump’s unexpected decision to hold off on imposing tariffs, a move…
Breaking News: Gold Breaks Above $2,726 Resistance! Safe-Haven Demand Surges Amid Trade Uncertainty Wow, can you believe it? Gold has broken above the $2,726 resistance level as the dollar continues to slide. This surge in safe-haven demand comes amidst all the uncertainty in the world of trade. It’s like gold is saying, “Hey, I’ve got…
Gold’s Price Rallies Amid Tariff News US Tariffs on Canada, Mexico, Silver, and Gold Gold’s price (XAU/USD) has been on the rise for a second straight day this week following the news that US President Donald Trump plans to impose 25% tariffs on Canada and Mexico as early as February. In addition to these tariffs,…
Further US Dollar Weakness: Is it a Possibility? Likelihood of USD Decline Prossionally speaking, further weakness in the US Dollar (USD) is not ruled out in the current market conditions. The major support level at 7.2420 may be out of reach at the moment, according to FX analysts Quek Ser Leang and Lee Sue Ann…
