The EUR/GBP currency pair has experienced losses, currently positioned at 0.8660 with a decline of 0.30%. Daily chart indicators reveal signs of bearish momentum, with the Relative Strength Index (RSI) displaying a negative bias and the Moving Average Convergence Divergence (MACD) indicating waning positive momentum. However, despite this temporary bearish outlook, the broader term still
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As we step into the new year, the trading world gears up for an exciting lineup of economic reports and events that will set the tone for monetary policy expectations. With key data releases from the US, Eurozone, and Canada, as well as insights from the Federal Reserve (Fed) and the European Central Bank (ECB),
In this critical analysis, we will examine the factors contributing to the rebound of the Mexican Peso (MXN) and its implications in the face of underwhelming US data. We will explore the recent performance of the MXN against the US Dollar (USD), as well as external factors such as Mexico’s fiscal balance and geopolitical trends.
The US Dollar has been holding steady as it enters the final day of trading for the year 2023. Looking back at its performance over the past year, the Greenback has experienced a modest 3% decline on the US Dollar Index (DXY) chart since January. As we move into 2024, the central question revolves around
The NZD/USD pair is showing signs of revisiting its five-month high at 0.6369, thanks to the positive sentiment in the market. The Kiwi Dollar is benefiting from the prevailing risk-on mood, while market participants anticipate a dovish stance from the Federal Reserve (Fed) due to lower US bond yields. Despite the pressure on US yields,
The gold price has rebounded near $2,070 per troy ounce during the Asian session on Friday, regaining ground lost in the previous session. The recent strength of the US Dollar had dampened the appeal of the yellow metal. However, softer economic data from the United States has put a limit on the Dollar’s advance, leading
The EUR/USD pair is trading with modest gains near 1.1070 as the European Central Bank (ECB) has taken a hawkish stance, which has bolstered the Euro against the USD. This comes after the pair retreated from a monthly high of 1.1139 during the early Asian trading hours on Friday. Currently, the major pair is up
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
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
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
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
America Airlines (AAL) has shown signs of a potential rally, as indicated by the Short Term Elliott Wave View. Analyzing the movement from the low on 10.31.2023, it appears that a 5-wave impulse structure is currently in progress. This suggests that the stock has the potential to continue its upward trajectory. Following the low on