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Gold exhibited erratic movements during the previous trading session, fluctuating between upward and downward directions. It reached a peak around $2,148 per ounce, only to experience a significant decline, concluding the session near $2,029. From a technical standpoint today, observing the 4-hour chart reveals that the price has stabilized below …

Negative trends dominated the initial trading sessions of the week for the Euro/Dollar pair, exerting downward pressure on the 1.0860 support level and reaching a low of around 1.0840 in the early stages of the current session. From a technical analysis perspective today, a closer look at the 240-minute time …

Oil prices fell on Monday due to traders’ wait-and-see attitude towards OPEC and its allies’ plans to cut production in the first quarter of 2024. Fears of a drop in demand also put pressure on prices. Brent crude futures settled down 85 cents or 1.08% at $78.03 a barrel, while …

On a turbulent day, the US Dollar Index increased on Monday, closing at its highest level since November 23. The Greenback recovered during a reversal in commodities and higher Treasury yields, after beginning the week under pressure. Shortly before important US data, the DXY increased from around 103.00 to 103.80.The …

Investors were hoping for a spot BTC ETF approval in January over the weekend. Altcoins such as Axie Infinity’s AXS tokens, ApeCoin’s APE, and Enjin Coin’s ENJ have all seen a surge in value since the release of the GTA 6 trailer. Illuvium’s ILV token and Aptos’ APT token, which …

Australia’s central bank is about to restart a pause in rate hikes as new data indicates that inflation and home price growth are slowing down, supporting earlier tightening. Most economists predict that the Reserve Bank of Australia (RBA) will maintain its cash rate at a 12-year high of 4.35% on …

Because of the general strength of the US dollar and high US yields, the USD/JPY is rising. The US Federal Reserve’s expected rate cut had been reassessed.A look at upcoming US data, the ISM Services PMI, and job openings on JOLTs. Although it stays below the Ichimoku Cloud (Kumo), which …

As the US Dollar sees a broad-market recovery on the back of renewed risk aversion, the Canadian Dollar gave up some of its gains from the previous week. On Monday, the Canadian dollar is down about 0.3 percent versus the US dollar. The Canadian Dollar is facing downside pressure as …

The GBP/USD has fallen by nearly eight-tenths of a percent on Monday, as investors retreated into safe havens due to a global slowdown. The Pound Sterling has shed three-quarters of a percent against the US Dollar, while the rest of the FX market is facing a risk-off bid from the …

Gold price has reached an all-time high on Monday, driven by the US dollar’s decline and traders’ bets that the Fed will cut interest rates next year. Gold is trading at $2025.21 at the time of writing. Earlier on Monday, gold price surged up to 3% to $2135 per ounce, …