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 […]