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CURRENCIES French elections: National Rally: Leads the polls but unlikely to secure an outright majority. Impact: A fractured French government may weigh on the Euro. Poll Predictions: National Rally (RN): 31.5% to 35%. People’s Front (left coalition): 28% to 29.5%. …

An Outlook for Boeing Shares in 2024 Boeing has been a renowned aerospace company for over a century, with a significant presence in both the aviation and defense sectors. The company’s stock attracts investors due to its growth potential and …

CURRENCIES Gold Forecast: Gold (XAU/USD) dropped sharply on Wednesday, holding above support at $2,375. Bulls need to defend this level to prevent a deeper retrenchment towards $2,360. Continued weakness could shift focus to $2,335, the 38.2% Fibonacci retracement of the …

CURRENCIES Highlights from Last Week: U.S. Dollar Decline: The DXY index dropped significantly due to softer-than-expected consumer price index figures. This reignited optimism that the disinflationary trend, which began in late 2023 but had stalled, is back on track. Federal …

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 …