Key Highlights Gold failed to clear the $2,725 resistance and corrected gains. A connecting bullish trend line is forming with support at $2,630 on the 4-hour chart. Oil prices are struggling to clear the $71.50 resistance. EUR/USD could decline if it breaks the 1.0450 support level. Gold Price Technical Analysis Gold prices remained well-bid near […]
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The FOMC meeting today is highly anticipated due to uncertainty surrounding future US monetary policy. Markets expect a 25 bps rate cut today and a slower pace of easing in 2025 due to President-elect Trump’s Read more…
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a Read more…
AUD/USD hit new 2024 low and trading near the lowest since Oct 2023 on Thursday, after strong bearish signal was generated on Tuesday’s close below former annual low (0.6348, Aug 5 spike low). Aussie remains Read more…