Silver’s Impulsive Recovery and Potential Upside Elliott Wave Perspective Silver has been undergoing an impulsive recovery away from its recent lows of 22.05. According to the Elliott wave perspective, there is room for more upside as it appears to be unfolding a five-wave bullish cycle. The current movement aligns with expectations, with the precious metal…

The Impact of Australian Consumer Inflation on the AUD/USD Pair Introduction The AUD/USD pair has shown resilience in the face of softer Australian consumer inflation, with a strong bid tone pushing it to a one-week high during trading on Thursday. Currently trading around the 0.6815-0.6820 region, the pair is up over 0.80% for the day….

GBP/JPY Cross Tumbles to Start the Week Oh no, the GBP/JPY cross is not having a good day! It seems like the new week is already off to a rough start for the GBP/JPY cross, as it reverses a part of Friday’s positive move and heads back down. The pair had hit a nearly two-week…

Gold prices showed a slight increase during the Asian session on Friday, attracting some dip-buying activity. This led to a reversal of a portion of the previous day’s retracement slide from a two-month peak in the $1,987-$1,988 region. Currently, the XAU/USD pair is trading just below the $1,975 level, marking a gain of over 0.15%…

USD/JPY Buyers Celebrate Risk-On Mood Renewal of Weekly Top Around 139.50 Wednesday’s European Session Sees US Dollar Rebound During the early hours of Wednesday’s European session, USD/JPY buyers are feeling optimistic as they cheer the risk-on mood and the US Dollar’s rebound. The currency pair has renewed its weekly top around 139.50, indicating a bullish…

USD/TRY Bulls Flirt with Record Peak Turkish Lira Pair Struggles Amid Trade Deal USD/TRY bulls are currently flirting with the record peak of around 26.35 as we head into Tuesday’s European session. The pair has been on an upward trend for the past three consecutive days, showing strong bullish momentum. However, the surge in the…

The Pound Sterling (GBP) has slipped sharply to near 1.3060 as investors are shifting their focus toward the United Kingdom Consumer Price Index (CPI) data, which will be released on Wednesday at 06:00 GMT. The GBP/USD pair has dropped as investors are hoping that core inflation will remain elevated and the Bank of England (BoE)…

The GBP/USD pair: A Look at the Current Market Trends Current Market Update The GBP/USD pair is currently showing a lack of firm directional bias as it trades in a narrow band just below the 1.3100 level in the Asian session on Monday. Despite this, spot prices are still within striking distance of the highest…