by Eddie Tan | May 14, 2024 | Forex Analysis
Forex and Stock Market Update: Tuesday, May 14 Currencies: Gold Price Technical Analysis Recent Performance: Gold prices fell after failing to breach the $2,375 resistance last Friday, sliding below $2,350 as the new week began. Potential Downside: Key support is...
by Eddie Tan | May 10, 2024 | Forex Analysis
Forex Markets News – 10 May 2024 CURRENCIES: EUR/USD Overview: After rebounding from the support level at 1.0725, EUR/USD is currently testing resistance around 1.0790, where the 50-day and 200-day SMAs converge. Potential gains could push it toward trendline...
by Eddie Tan | May 9, 2024 | Forex Analysis
Forex Markets 9th May 2024 CURRENCIES: Gold Price Analysis (XAU/USD): Sentiment: Bearish Recent Trends: Gold prices have fallen for two consecutive sessions, nearly erasing the gains made in Monday’s rally. The market has been trading sideways for the past two...
by Eddie Tan | Apr 16, 2024 | Forex Analysis
Forex and Stock Market Analysis – April 16 Currency Overview: GBP/USD Dynamics: The GBP/USD pair continues its downward trajectory, fueled by worsening indicators in the UK labor market. Unemployment in the UK escalated to 4.2% in February, surpassing both...
by Eddie Tan | Apr 12, 2024 | Forex Analysis
Forex and Stock Market Analysis Currency Overview: Euro Dynamics Post-ECB Decision: The euro weakened against the U.S. dollar and British pound following the European Central Bank’s dovish statements in its April meeting. EUR/USD fell 0.2% to 1.0725, while...
by Eddie Tan | Apr 8, 2024 | Forex Analysis
Forex and Stock Market Update Currency Sector Insights: Upcoming Attractions: Spotlight on Gold, US Dollar, Euro, and Pound Sterling ahead of key financial events. This Week’s Major Events: Anticipation builds for US CPI data, central bank decisions from Canada,...
