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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 EURO (EUR/USD, EUR/GBP) technical analysis: Fed speak to dominate today’s scheduled event risks (Williams, Waller) EUR/USD drifts lower in search of a catalyst EUR/GBP eyes support ahead of UK CPI print Fed Speak to Dominate Today’s Scheduled Risk Events: …
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 Overview: EUR/USD fails to sustain bullish momentum, GBP/USD pauses after breakout. Introduction to Contrarian Trading: Herd mentality can dominate trading, but experienced traders often explore contrarian strategies. Contrarian trading involves recognizing when the majority sentiment may be incorrect and …
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