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Gold prices have reversed their previously expected upward trajectory, breaking below the critical 2340 support level as outlined in the previous technical report. This development has initiated a bearish turn in the market, with prices currently trading below the 23.60% Fibonacci retracement level on the 4-hour timeframe chart. Further technical …

The EUR/USD pair has breached a critical support level at 1.0810, as previously highlighted in our technical analysis. This breach has triggered a wave of selling pressure, driving the pair down to a new low of 1.0790 in early trading. Examining the 4-hour chart, we observe that the euro has …

Amid multi-week highs in US yields, the USD Index (DXY) increased further and broke above the crucial 105.00 barrier. A further update to the Q1 GDP Growth Rate is scheduled for May 30, with weekly Initial Jobless Claims, Goods Trade Balance, and Pending Home Sales serving as backups. Bostic, Williams, …

The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …

Oil prices fell on Thursday as markets await the latest U.S. crude oil stockpiles data. Resilient U.S. economic activity suggests that borrowing costs will remain higher for longer, potentially impacting demand. Brent futures lost 9 cents to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was …

The US Dollar has experienced a sharp recovery following the Beige Book report, which showed slight growth in national economic activity. The report also revealed that employment rose slightly, wage growth was moderate, and prices increased modestly as consumers resisted further price hikes. According to Fed’s Beige Book, housing demand …

The Dow Jones Industrial Average has fallen over 400 points and is now below 38,500.00, with the major equity index down nearly nine-tenths of a percent due to investor sentiment. Demand for treasuries is declining as bid-to-cover ratios on key Treasury auctions decrease, putting downward pressure on equities and bolstering …

The US dollar continues to rise, up 0.42% at 105.057, amid the absence of US data on the economic calendar on Wednesday, on the back of the surging US Treasury bond yields, which have continued to rise since the beginning of trading this week.US Treasury bond yields continue to rise, …

The GBP/USD pair tumbles to new three-day low as ‘evening star’ chart pattern emerges. Buyers’ momentum begins to fade as RSI aims toward the 50-midline. If the pair drops below 1.2700, look for further losses; otherwise, bulls can challenge 1.2800.The British Pound fell to a new weekly low against the …

U.S. stock index futures retreated on Wednesday, with megacap stocks feeling the heat from rising Treasury yields. This surge in yields fueled concerns about the timing of the Federal Reserve’s potential interest rate cuts. Tech giants like Apple, Meta, and Nvidia experienced declines in premarket trading, as the yield on …