EUR/USD Surges Above 1.0900 Amid Weaker US Dollar, Pre-Election Volatility And ECB Rate Cut Expectations For December
The EUR/USD pair is seeing a resurgence today, bouncing back after a volatile Friday, with the release of the latest…
Day: November 7, 2024
USD Price Outlook- DXY To Consolidate Between 104.50-105.50 Amid 93% Chance Of Republican Clean Sweep And Fed’s 25bps Rate Cut
The US Dollar (USD) has maintained strong momentum, driven by the potential for a Republican clean sweep in the upcoming…
Silver Price Holds Steady at $31.18, Up 31.02% In 2024 Amid Stable Market Conditions
Silver prices remain largely unchanged on Thursday, with XAG/USD trading at $31.18 per troy ounce, marking a slight 0.07% dip…
NZD/USD Price Forecast- Breaks Above 0.6000, Testing Key Resistance Levels Amid Bearish RSI Below 50
The NZD/USD pair has recently made an upward move, recovering from losses and trading around 0.5990 in early European trading…
Silver Price Forecast- XAG/USD Bears Control As Price Breaks Below $31, Eyes $30.35 Support And $29.70 Target
Silver (XAG/USD) is currently under pressure, with bears maintaining control as the price trades below critical support levels. For the…
WTI Oil Price Breaks Below $71.50- Key Support Levels At $70.62 And $70.72 Could Determine Next Move
West Texas Intermediate (WTI) oil prices have been under pressure, extending their losses for the second consecutive session. As of…
Bank OfEngland Set To Cut Interest Rates By 25bps As UK Inflation Eases To 1.7%, Weighing On GBP/USD
The Bank of England (BoE) is poised to cut its policy interest rate by 25 basis points at its upcoming…
Pound Sterling Rebounds To 1.2935 After Hitting 11-Week Low, As Investors Await Fed And BoE’s 25 Basis Point Rate Cuts
The Pound Sterling (GBP) has made a notable recovery against the US Dollar (USD), bouncing back to near 1.2935 in…
Australian Dollar Recovers 0.5% As China’s Trade Surplus Surges 12.7% YoY, US Dollar Weakens Ahead Of Fed’s 25bps Rate Cut Decision
The Australian Dollar (AUD) has regained some strength as the US Dollar (USD) faces pressure ahead of the Federal Reserve’s…
EUR/GBP Struggles Near 0.8300 As Market Awaits BoE’s 25bps Rate Cut, German Industrial Production Declines 2.5% In September
EUR/GBP continues to face selling pressure on Thursday morning, trading around 0.8315 as market participants prepare for the Bank of…