Gold has been on a remarkable upward trajectory, approaching the noteworthy threshold of $2,900 per ounce. This journey marks an extraordinary bull run throughout much of 2023, with the metal witnessing only a handful of downturns since mid-December. Investors and analysts alike are closely monitoring this surge, which stands out in the context of historical
Technical Analysis
Recent market developments have led to significant shifts in the Brent crude oil landscape, as the price fell to $73.92, marking a notable low not seen since 2025’s inception. Observing the trends since mid-January, the market has experienced a downturn exceeding 9%. This downward trajectory can be traced back to several interlinked factors, especially focused
The USD/JPY currency pair has recently been in the spotlight as it dipped to a two-month low, yet signs are emerging that the bulls may not be completely out of the race. After hitting 150.94, the lowest point since December, the market has encountered a critical junction. Currently, the USD/JPY is struggling to break past
As we enter February 2024, the gold market is witnessing extraordinary activity, with prices consistently hitting unprecedented milestones. The most recent surge marks six consecutive weeks of growth, with a notable 2.5% increase over the prior week alone. Such a strong performance stands out, particularly against the backdrop of volatility seen in various other asset
In the ever-evolving landscape of foreign exchange, the USD/JPY currency pair has recently entered a downward spiral, highlighting critical shifts in investor sentiment and economic forecasts. The pair began a notable decline below the pivotal support level of 155.50, signaling a bearish pivot that has caught the attention of market analysts. This decline, exacerbated by
The GBP/USD currency pair has demonstrated a notable increase, surging by 2.1% since it reached a low of 1.2249 on February 3. This resurgence is attributed to several influential factors that could have lasting implications for both investor sentiment and market behavior. A peak of 1.2550 was observed on February 5, suggesting that trader confidence
The foreign exchange market is rife with fluctuating trends and volatility, affecting currencies based on a myriad of factors including monetary policy shifts, economic indicators, and geopolitical events. A recent review of the EUR/USD and USD/CHF currency pairs reveals noteworthy upticks and downturns worthy of analysis. Both pairs display contrasting trajectories, which could offer insights
The landscape of international trade is continually evolving, and the recent developments indicate a significant escalation known as Trade War 2.0. Unlike its predecessor, which primarily focused on US-China relations, this new phase has broader implications, involving several major trading partners, including Canada, Mexico, and potentially the European Union. The 25% tariffs imposed on Canadian
In the ever-evolving world of foreign exchange, understanding current market trends can often help traders make informed decisions. The recent movements in the GBP/USD and EUR/GBP pairs have raised several eyebrows among market participants. This article delves into the technical aspects of these currency pairs, identifies key resistance and support levels, and highlights the implications
In a striking development last Friday, gold prices climbed toward $2,800 per ounce, reaching unprecedented levels. This surge is rooted in a climate of economic uncertainty spurred by aggressive trade stances from U.S. President Donald Trump. As concerns grow over potential economic slowdowns and disruptions in global trade due to ongoing trade war threats, investors
In the forex trading landscape, the USD/JPY currency pair is currently experiencing a notable period of consolidation, maintaining its position just above the critical support level of 154.25. This has marked the fourth consecutive day where the pair has continued to hover around this threshold, despite the bearish forces attempting to steer it lower. The
Gold prices have recently reached an all-time high, breaking through the significant psychological barrier of $2800 per ounce. This surge, attributed to a combination of geopolitical tensions and domestic economic indicators, has captured the attention of investors looking for safe-haven assets amidst rising uncertainties. On a notable Friday, the price gained traction by extending the