EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials. Federal Reserve Chair Jerome Powell’s recent statement underscored a cautious approach to cutting interest rates, citing persistent GDP growth, robust employment, and ongoing inflationary pressures. This […]
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WTI oil futures continue to flatline near a critical support area Bullish trend reversal is a long way above 77.80 WTI oil futures kept their footing above the 67.00-68.00 support region for the third time since the Read more…
The XBR/USD chart reveals that Brent crude oil is trading near its lowest levels of the year. Several factors are pressuring oil prices: → China’s uncertain demand outlook: As the world’s largest crude oil importer, Read more…
The Australian dollar is steady after a five-day slide, which saw the currency fall by 3.5% during that period. In the European session, AUD/USD is trading at 0.6471, up 0.28% on the day. China retail Read more…