USD/CAD Surges to 1.3550 as Oil Prices Weigh on Sentiment
USD/CAD is currently grinding near its highest levels in three weeks, thanks to the downbeat risk profile that's got everyone on edge. But don't worry, the US Dollar is bouncing back from its one-week low during the four-day downtrend, giving…
Read more
Global PMI Reports and Interest Rate Concerns Push Oil Prices Down to Near $76.75
Well, well, well, it looks like oil prices have hit the skids again, dropping to approximately $76.75. Why, you ask? Oh, just because everyone's freaking out about a global economic slowdown. And as if that weren't enough, Western central banks…
Read more
Gold Price Forecast: XAU/USD Under Pressure as US Dollar Strengthens
Gold, gold, gold! It's been quite the rollercoaster ride for Gold. and it looks like the ride isn't over yet. For the second day in a row, the XAU/USD is struggling to gain any momentum, despite a modest uptick in…
Read more
Mastering the Dynamic Potential of Relative Strength Index in Forex Trading: A Guide to Profitable Trading
Introduction Forex trading, at its core, involves the intricate dance of buying one currency while simultaneously selling another. This global decentralized market, representing the world's largest financial platform, witnesses currency exchanges that ripple into billions daily. Amidst this vast ocean…
Read more
AUD/USD Regains Momentum, Surges Above 0.6700 Level
The US Dollar Index might be dropping, but the commodity currencies are feeling the pressure today. There's some key data coming up, so buckle up! The US S&P Global PMI report is on the horizon and all eyes are on…
Read more