CURRENCIES Gold Price Technical Analysis: Recent Performance: Gold (XAU/USD) dropped on Monday after failing to break trendline resistance at $2,375 on Friday. Prices slipped back below $2,350 at the start of the new week. Potential Downside: Support zone near May’s …
CURRENCIES: RBA Interest Rate Decision: The Reserve Bank of Australia (RBA) held interest rates steady at a 12-year high of 4.35%, against market expectations of a possible hike. Inflation Challenges: Inflation remains stubbornly high, with measures from the first quarter …
CURRENCIES: Key Highlights: The US dollar shows uncertainty with market anticipation of pivotal US data. Core PCE data release on Thursday is in the spotlight, influencing investor focus. Analysis includes a detailed technical perspective on EUR/USD and GBP/USD pairs. Trading …
Daily Market Analysis Market Focus US equity market struggles as investors doubt officials will reach a deal on the newly proposed stimulus package. Negotiations between White House and Congress are said to be on the brink of collapse after Thursday’s …
