EUR/USD’s rally continues today and the strong break of 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613) solidifies the case that fall from 1.2081 has completed as a three wave correction at 1.1323. Intraday bias stays on the upside for 61.8% retracement at 1.1791. On the downside, below 1.1613 minor support will […]
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Key takeaways Gold surges: XAU/USD jumped 4.35% on 19 August, its biggest one-day gain since February, lifting its August gain to 10.7%. USD debasement drives gold: Treasury bond buybacks have fuelled fiscal-dominance concerns, shifting focus Read more…
GBP/USD surged to 1.3613 on Wednesday, reaching a three-month high. Investors are digesting fresh UK inflation and labour market data. Consumer inflation accelerated to 2.9% in July, up from 2.6% in June and in line Read more…