As the US presidential elections unfold, the NZD/USD currency pair has surged, approaching the significant psychological level of 0.6000. In North American trading on Tuesday, the Kiwi dollar gained traction, buoyed by improved market sentiment despite the ongoing uncertainty surrounding the election results. Market Sentiment Shifts Favorably The upbeat sentiment […]
Gold has always held a special place in the hearts of Indians, particularly during festive seasons when the demand for the precious metal typically surges. This year, as the festivals of Dhanteras on October 29 and Diwali on October 31 approached, gold demand saw a temporary increase, according to Commerzbank’s […]
The USD/CHF currency pair is showing increasing evidence that it may be reversing its recent upward trend, as technical indicators point toward a potential short-term downtrend. After enjoying a five-week uptrend, the pair has now formed a bearish Two-Bar reversal pattern, raising red flags for traders and investors alike. Bearish […]
As Americans head to the polls on this historic election day, the US Dollar is experiencing a relatively muted price action. The US Dollar Index (DXY), which tracks the dollar’s strength against a basket of six major currencies, hovers just below the critical 104.00 level, maintaining important technical support as […]
As the US presidential elections kick off, the EUR/USD currency pair has surged to near the key resistance level of 1.0900, reflecting the heightened market anticipation surrounding the results. With a tightly contested race between Democratic nominee Kamala Harris and former President Donald Trump, traders are watching closely as the […]
As the countdown to the US presidential election continues, gold prices have steadied after experiencing a dip to a five-day low. On Tuesday, the precious metal found support at $2,724 before bouncing back to the $2,740s, as traders remain on edge over the election’s potential impact on the markets. The […]
As the US presidential election draws near, the Mexican Peso (MXN) is experiencing fluctuations, trading within a narrow range as traders anticipate the impact of the election results on the currency. The USD/MXN pair has shown little movement as market participants remain cautious, awaiting definitive news that could drive the […]
Oil production in Iraq has fallen to just under 4 million barrels per day (bpd) in October, marking a significant alignment with the OPEC+ agreement, as reported by a recent survey conducted by Reuters. This adjustment comes as part of Iraq’s commitment to stabilize its oil output amidst a fluctuating […]
USD/CHF, the popular currency pair pairing the US Dollar against the Swiss Franc, is showing mounting signs of a potential trend reversal, according to recent technical analysis. Following a five-week uptrend, indicators are aligning to suggest that a short-term bearish movement may be on the horizon, marked by a bearish […]
The Australian Dollar (AUD) has shown signs of stabilization after a month of decline, with AUD/USD trading within a 0.6535 to 0.6655 range. Analysts at UOB Group, Quek Ser Leang and Lee Sue Ann, suggest this rangebound trend will continue as the currency pares its losses and finds key support […]
