XAG/USD falls from multi-day high; bullish technical setup
Over $24.00, silver finds it difficult to take advantage of its small intraday gains. The technical configuration favors bullish traders and enhances the likelihood of future gains. A decisive breach below the $23.00 level is required to disprove the optimistic…
Read more
4 Global Market Updates- 9 January, 2023
In this article, we have covered the highlights of global market news about the AUD/USD, GBP/USD, USD/JPY and EUR/USD. AUD/USD: Look for more gains now around 0.6950 - UOB The AUD/USD pair may rise to the 0.6950 area in the following weeks due to…
Read more
Gold (XAU/USD) Hits $1,850 Support Retains Against Earlier Resistance.
The technical outlook for gold (XAU/USD): Bullish over $1,850 Prices of gold recovered after overcoming a significant technical obstacle. Bulls in the XAU/USD market aim for Fibonacci resistance from the last advance of over $1,880. For the time being, psychological…
Read more
USD/JPY falls below 133.00 on US Dollar weakening and NFP data
Price analysis for the USD/JPY: Likely to be strongly bearish below 133.00. Despite the tight labor market, the US Nonfarm Payrolls statistics for December reduced the value of the US dollar. The softening of the average hourly wage led to…
Read more
4 Global Market Updates- 6 January, 2023
In this article, we have covered the highlights of global market news about the USD/CNH, USD/JPY, EUR/USD and AUD/USD. USD/CNH: Solid support is aligned around 6.8400 - UOB For the time being, more losses in USD/CNH shouldn't be ruled out, according to UOB Group…
Read more
