On the other side, traders need to look towards $67.12 – a level that held the price in May and June 2023 – to find the first support. In case that breaks, the 2024 year-to-date low emerges at $64.75, ...
Gold eases from weekly highs but holds moderate gains above $2,650 on Friday. XAU/USD builds on this week's goodish rebound ...
Meanwhile, the New Zealand Dollar (NZD) performs strongly even though market participants expect the Reserve Bank of New Zealand (RBNZ) to cut interest rates again by 50 bps in its next monetary ...
Fresh bears cracked key supports at 150.18/00 (Fibo 38.2% of 139.57/156.74/psychological, reinforced by 55DMA), with weekly ...
Following the Thanksgiving Day holiday in the US, the US Dollar (USD) came under renewed selling pressure amid a positive ...
EU Mid-Market Update: US markets technically return from Thanksgiving but volume indicates a long-weekend for most; Data driven EU session fails to move needles ahead of S&P decision on France.
The interest rate futures market currently expects 38bps of cuts from the ECB at next month’s meeting. If this is scaled back further, and the market moves towards expecting a 25bp cut at the December ...
The Mexican Trade Surplus grew in October and the economy is growing at a higher pace than expected.
The zigzag structure is one of the three core corrective patterns explained in the Elliott Wave theory. The other two are the Flat and Triangle structures. Typically, a zigzag structure is counter ...
The SGX TSI Iron Ore Index serves as a critical benchmark for stakeholders in the iron ore market, including traders, miners, ...
In Friday’s session, investors await Canada’s September month and Q3 GDP data, which will be published at 13:30 GMT. The Canadian GDP is estimated to have grown by 0.3% after remaining flat in August.
Investors expect the BoE policy-easing cycle will be slower than in the US.