Month: August 2024

Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463 Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining Read more…

EURUSD extends rally, hits 1.1130 But oscillators point to fading momentum A setback may be possible before the next leg north EURUSD has been in a steady rally since August 15, when it hit support Read more…

The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue? In the European session, EUR/USD is trading at 1.1220 at the time of writing, down Read more…

Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report). Read more…

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout Read more…

The USD/CAD chart shows the Canadian dollar strengthening against the USD to levels last seen at the end of July. On one hand, the US dollar is weakened by expectations of an inevitable rate cut. Read more…