The USD/CAD pair reached the 1.34925 level yesterday but suffered a downtrend. As of this analysis, it is trading near the 1.33460 mark. In the last few hours, pressure on selling positions has been evident, even though support levels are in focus. However, investors await the Bank of Canada’s (BoC) interest rate decision. For now, […]
Daily Technical Analysis on XAU/USD: Prices continue to trend upwards
At the beginning of the week, the price of gold (XAU/USD) rose and stabilized at the resistance level of USD 2,037 per ounce at the time of writing. Interest rate markets in the U.S. market continue to give the likely view that there could be a near 50% interest rate cut by the Federal Reserve […]
Technical analysis on EUR/USD today: Bearish momentum hits the pair in expectation of European inflation figures
Selling in the euro currency has increased following hints from the European Central Bank that suggest interest rate cuts may not be guaranteed by 2024. Similarly, political tensions such as those occurring in the Middle East threaten energy markets and will likely be an extra pressure for the European Central Bank to bear, more so […]
Technical Analysis on XAU/USD: Gold remains strong despite the strengthening dollar in the market
Gold continues to be strong and could reach its all-time high in 2024. However, this all depends on the behavior of interest rates and the price of the US dollar. At the end of last year, the Federal Reserve ended interest rate hikes in the United States. This could lead to flexibility in monetary policy, […]
Technical Analysis on USD/EUR: The pair is looking to recover ahead of the release of US inflation figures, so caution is advised
There is a lot of optimism in the market regarding inflation. While experts expect inflation to decrease significantly by 2024, there are doubts about achieving the Fed’s target of 2%. In the coming months, especially in March, if inflation shows signs of weakness and decline, the Fed may cut interest rates. All remains to be […]
Technical analysis on XAU/USD: Still on an upward trend
Gold closed at a stable USD 2,048 per ounce on Friday. Despite having gained last week, the price of XAU/USD may fall by 1% in the coming days. The same can happen with silver prices, which are expected to lose about 3% of their value in the market. More investors are looking to invest in […]
Technical Analysis USD/EUR: Euro Shows Signs of Volatility
The USD/EUR has shown volatility this week, with its resistance level identified at 1.1000. Additionally, this level coincides with the 200-day moving average. If the euro surpasses If the euro surpasses this level, it could rise and possibly find support at 1.1150. If the euro drops, it could find support at 1.0800. Core inflation, which […]