OPEC+’s supply cut – and the resulting oil price spike – was completely unexpected, and served as a clear reminder of how uncertain the current macroeconomic environment is. With so many potential paths for the economy, the best thing you can do is diversify your assets to give yourself a better chance at surviving multiple…
EUR/GBP Continues Downward Trend Despite Positive German Data EUR/GBP Exchange Rate Falls for Sixth Consecutive Day The EUR/GBP exchange rate failed to maintain its momentum after initially cheering upbeat German data on Thursday. The pair reversed from its intraday high and is currently trading around 0.8745. This marks the sixth consecutive day of losses for…
Gold Price Stalls Around $2,020 Amid Dollar Weakness and Fed Speculation A Quirky Take on the Recent Market Movements Hey there, fellow investors! Have you been keeping an eye on the shiny world of gold prices lately? Well, if you haven’t, let me catch you up to speed. The price of gold (XAU/USD) has been…
AUD/USD Recovers Losses Ahead of Key Economic Data Releases An Overview of the Current Market Situation The AUD/USD has managed to regain some ground, trading around 0.6720 as investors await the release of important economic indicators. The Australian dollar has faced downward pressure in recent days, despite weaker-than-expected US data. The Reserve Bank of Australia’s…
Gold Price Tracking US Dollar Fluctuations Market Update: The gold price is closely mirroring the changes in the US Dollar on Wednesday. Despite the fluctuations, gold is holding steady in the $2,020s during midday trading. The price of gold has swung between a low of $2010.09 and a high of $2032.11 so far today. The…
The AUD/USD Pair Faces Selling Pressure Overview: The AUD/USD pair is experiencing heavy selling pressure on Wednesday, continuing the retracement slide from the recent high near the 0.6800 mark. Despite this, spot prices have managed to slightly recover from the daily low and are currently trading around the 0.6700 round figure during the early North…
The GBP/USD Pair: Riding High in the European Session What’s Happening? The GBP/USD pair is currently in a tight trading range in the early part of the European session. It is consolidating its recent gains and sitting at its highest level since June 2022, which it reached just the day before. The pair is hovering…
USDJPY Elliott Wave Update April 5th, 2023 The bulls’ initial attempt to lift USDJPY higher at the start of this week proved unsuccessful and the pair is now trading in negative territory. Is this a dip-buying opportunity or the beginning of a bigger selloff? Read in our latest Elliott Wave update. The USDJPY pair started…
