The EUR/GBP exchange rate is currently trading near 0.8695, displaying a slight increase of 0.25%. Positive signals from the daily Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram indicate a growing buying force. This article will analyze the overall market trend, as well as the short-term and long-term indicators. The Daily
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In a move that is set to face opposition in Congress, Brazil’s Finance Minister Fernando Haddad has unveiled tax adjustments aimed at limiting benefits across various sectors and ensuring fiscal compensation. The package intends to replace an approved bill that was previously vetoed by President Luiz Inacio Lula da Silva but overturned by Congress. While
China’s central bank, the People’s Bank of China (PBOC), has acknowledged the challenging external environment the country is facing. In a statement after a quarterly meeting of its monetary policy committee, the PBOC highlighted the slowdown in the international economy, trade, and investment, as well as falling inflation and high interest rates in developed countries.
In the world of finance, it is essential to approach information with a critical eye. The content provided on various platforms, including websites, should be seen as a starting point for further research, rather than definitive guidance for making financial decisions. This article aims to shed light on the limitations of financial information and the
The dollar’s decline has been widespread, with the Japanese yen, euro, and pound all reaching their strongest positions against the U.S. currency in five months. The driving force behind this trend is the expectation that the Federal Reserve will aggressively cut interest rates in 2024, thus avoiding a recession. As a result, the dollar index,
In Thursday’s trading session, the Silver price (XAG/USD) trades neutral at about $24.20. Despite the current stagnation, the precious metal has the potential for upward movements due to dovish sentiment regarding the Federal Reserve’s monetary policy and weaker-than-expected US Jobless Claims data. Recognizing the deceleration of inflation, the Federal Reserve assured no rate increases in
During Thursday’s trading session, the dollar experienced a significant decline, particularly against the yen. This decline has brought the currency perilously close to the crucial support level of 141 yen. Many market participants are closely monitoring this level to assess the future trajectory of the dollar. Additionally, the uptrend line is also at risk of
In this article, we will analyze the past performance of the 1-hour Elliott Wave Charts of the Eurostoxx index. Our analysis is based on the information presented to members at elliottwave-forecast. The focus of our analysis is on the rally from the 23 October 2023 low, which is unfolding as an impulse structure. We will
Chinese smartphone giant Xiaomi has set its sights on a new frontier – the electric vehicle market. With the unveiling of its first electric sedan, the SU7, Xiaomi aims to become one of the world’s top five automakers, ushering in a new era of innovation and competition. Despite the challenges and uncertainties that lie ahead,
Gold prices have surged higher, surpassing the significant level of $2,075, as the festive period contributes to increased demand for the precious metal. This surge in gold prices can be attributed to the low liquidity during the holiday season, which has fueled the buying momentum. Additionally, several momentum indicators are supporting the current upward movement,
The AUDUSD pair hit a fresh five-month peak on Thursday, signaling a strong recovery from its 2023 bottom in October. However, with oscillators in overbought levels for several sessions, there are concerns about whether the rally can continue or if a pullback is on the horizon. Both the RSI and stochastics have been within their
The USD/JPY pair has seen a decline as the US Dollar weakens on the back of the dovish Federal Reserve’s outlook in the first quarter of 2024. During the early European session on Thursday, the pair is trading lower around 140.80. In this article, we will analyze the current technical indicators and levels of support