Gold has entered a remarkable phase, witnessing an astonishing bull run that few anticipated. As it brushed against the pivotal psychological level of $2,900 per ounce, it’s hard not to acknowledge the relentless momentum behind this precious metal. The price trajectory since mid-December has shown extraordinary resilience, with only a handful of days marked by
Technical Analysis
The Brent crude oil market has been experiencing considerable fluctuations, with the price sinking to $73.92 recently, marking a significant downturn for 2025. This decline of over 9% since January 15 raises questions about the interplay of various economic and political factors influencing oil prices. Particularly, the bearish outlook seems largely correlated with the policies
In recent days, the USD/JPY currency pair has displayed tentative signs of recovery following a significant drop that brought prices to a two-month low. This downturn saw the pair reach 150.94, marking the lowest point since December. The market dynamics suggest a complex situation where bearish trends persist, highlighted by the continual downward pressure from
Gold has been on an impressive upward trajectory lately, reaching record high prices at the end of last month and continuing to rise confidently into February. Demonstrating a robust bullish sentiment, gold prices have seen six consecutive weeks of positive performance, culminating in a noteworthy 2.5% increase over the last week alone. This surge stands
The foreign exchange market continues to show volatility, particularly in the USD/JPY currency pair, which has recently experienced notable fluctuations. As we assess the trading environment, USD/JPY has fallen below crucial support levels, including the significant 155.50 mark. This decline indicates bearish sentiments driving traders’ decisions and highlights the potential for continued downward movement. The
The GBP/USD currency pair has experienced a noteworthy rally, gaining 2.1% since the swing low recorded on February 3. As of February 5, the pair peaked at an intraday high of 1.2550, showcasing resilience in the face of economic uncertainty. The movements in this currency pair highlight a complex interplay between various economic indicators and
In the realm of forex trading, understanding currency pair movements is crucial for effective investment strategies. Recently, the EUR/USD and USD/CHF pairs have displayed remarkable fluctuations that merit a closer evaluation. This article disentangles the recent price actions of these currencies, highlighting significant support and resistance levels while examining the potential implications for traders and
As international economies reel from the implications of renewed trade tensions, dubbed Trade War 2.0, the adverse effects on global markets are palpable. This new phase of trade disputes, prominently featuring intensified tariffs not just between the United States and China, but also involving Canada, Mexico, and potentially the European Union, poses a risk of
The foreign exchange market is characterized by volatility and rapid shifts in currency values. Currently, analysts are focusing on two key currency pairs: GBP/USD and EUR/GBP. Recent performance suggests a bearish sentiment for both, particularly as GBP struggles to gain traction against the dollar while EUR remains firmly tenuous against the pound. This article will
The USD/JPY currency pair is currently experiencing a period of consolidation just above the 154.25 support level, maintaining its position for four consecutive trading days. This stability, however, is deceptive as the market is skirting with bearish fundamentals. The present state of the currency suggests that while the markets have stabilized around this key support
Recently, gold prices reached unprecedented levels, surpassing the psychological threshold of $2800. This impressive surge came on the heels of a 1.3% increase on Thursday, signaling a robust demand for the precious metal. Factors driving this demand include heightened economic uncertainties tied to tariff threats from President Trump, who has proposed a 25% tariff on
As of Thursday, the EUR/USD currency pair is seeing a period of consolidation near the 1.0426 mark. This stability comes in the wake of the Federal Reserve’s recent announcement regarding interest rates, as investors carefully weigh the implications of the Fed’s decisions while simultaneously setting their sights on the upcoming meeting of the European Central