GBPUSD Analysis – Sellers Approach 1.26300 Key Level GBPUSD gives in to bearish pressure. The pair has been feeling the pressure of the bearish market recently, as sellers are now pushing the price back to the key level of 1.26300. This level had been breached just last week, and buyers were optimistic that they could […]
The euro faced a setback in its recent rally against the US dollar, failing to maintain its grip above the psychological level of 1.1000. Instead, it closed the week at 1.0844 after a significant sell-off on Friday, triggered by lackluster Purchasing Managers’ Index (PMI) data from Europe. Although the euro had been experiencing a […]
There is currently an upswing in the global crypto market, and Chainlink appears to be performing best among other altcoins. This comes after a series of declines over the past few weeks. Fundamentally, there have been optimistic perspectives towards the future performance of LINK in the crypto community. Recently, Daan Crypto, a crypto analyst, suggested […]
The British Pound experienced a decline against the generally stronger United States Dollar on Friday as worrisome European economic data highlighted uncertainties in global growth and prompted cautious investors to flock towards the safe haven of the greenback. Despite the Bank of England’s unexpected half-percentage-point rate increase in the previous session, surpassing expectations, the British […]
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Buyers’ momentum is increasing in USDCHF market USDCHF Price Analysis – 23 June In case sellers exert enough pressure, the $0.89 barrier level might be broken, and the downward momentum might carry on to the $0.88 and $0.87 levels. USDCHF may go past the $0.90 resistance level and toward the $0.91 and $0.92 resistance levels […]
Market Analysis – June 23 USDCAD witnesses a significant breakthrough as sellers successfully breach the crucial demand level of 1.3290. Previously holding firm from November to May, this support level has now been convincingly shattered. Presently, the market finds itself amidst a robust bearish trend, with the bears exerting pressure and posing a potential challenge […]
XAUUSD Analysis – Buyers Struggle to Keep Up With Demand The Gold price plummets as buyers struggle to keep up with selling momentum. After the buyers managed to push prices up to the 2051.810 key zones, it became apparent that the bulls were unable to sustain their strength and began to lose ground with the […]
In a move signaling confidence in the UK economy, the Bank of England (BoE) has decided to increase the Bank Rate by 0.5% to 5%, marking the highest level seen in the past decade and a half. The decision was made by a majority vote of 7-2 by the Monetary Policy Committee (MPC), with Swati […]
In the midst of fragile US-China relations, the exchange rate between the US dollar and the Chinese yuan (USD/CNY) encounters significant resistance at 7.2600. This resistance level follows a recent breach of the crucial 7.0000 mark by the pair. Despite the mixed performance of the US dollar, the bullish trend of USD/CNY remains supported by […]
