Technical

GBP PRICE, CHARTS AND ANALYSIS:Read More: Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming?GBPUSD continues to struggle hovering around the 1.2600 handle as mixed technical and a strong USD weigh on Cable. A return of…

OIL PRICE FORECAST:Oil Continues to Advance as Market Participants Eye Further Cuts by OPEC+.Rumors Suggest That There is Still Disagreements Regarding 2024 Quotas Within OPEC+.WTI Faces Technical Hurdles While Retail Traders are…

GOLD PRICE (XAU/USD), AUD/USD FORECAST:Gold prices climb and challenge technical resistance on the back of falling U.S. yields and U.S. dollar softnessAUD/USD also pushes higher, breaking above its 200-day simple moving averageThis article…

NZD/USD daily chartThe antipodeans are the ones doing some work to start the new week, with AUD/USD testing waters near 0.6600 now and eyeing a stronger technical break as seen here. And NZD/USD is also facing a somewhat similar scenario as…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange,…

USDEURThe ECB left interest rates unchanged as expected as the central bank has ended its tightening cycle.President Lagarde highlighted the weakness in the Eurozone economy and reaffirmed that rates will make a substantial contribution to…

USDThe Fed left interest rates unchanged as expected with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The recent…

GBP/USD daily chartThe highs this week were seen near 1.2500 and that is just under the 100-day moving average (red line) at 1.2509 currently. But that is enough for sellers to keep their composure after having endured a poor showing on…

GBPThe BoE kept interest rates unchanged as expected at the last meeting.The central bank is leaning towards keeping interest rates “higher for longer”, although it keeps a door open for further tightening if inflationary pressures were to…

USDCADThe BoC left interest rates at 5.00% as expected but remains prepared to raise rates further if needed.BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian…