EUR/USD Faces Key Technical Hurdles: Can the Pair Overcome Resistance or Will Bearish Pressure Prevail?
The EUR/USD currency pair staged a modest rebound on Friday, rising by 0.2% to 1.0495 after reaching fresh lows earlier…
Category: Finance
Mexican Peso Gains Marginally as USD Reverses, Fed Rate Hike Expectations Shape USD/MXN Outlook
The Mexican Peso (MXN) has shown signs of resilience on Friday, posting modest gains as it turns positive on the…
US Dollar Faces Pressure Ahead of Weekend as Traders Take Profits and Global Stimulus Boosts Rival Currencies
The US Dollar (USD) is under pressure this Friday as traders reduce their positions in the Greenback during the US…
US Inflation Climbs to 2.7% in November 2024: Will the Federal Reserve Continue Interest Rate Cuts?
In a notable shift from months of easing, US inflation has risen again, reaching 2.7% in November 2024. The increase,…
Canadian Dollar Sinks as Bank of Canada Prepares Rate Cuts Amid Economic Turmoil
The Canadian Dollar (CAD) took a significant dive on Tuesday, inching closer to the critical 1.4200 level against the US…
US Dollar Index Holds Steady at 106 as Markets Eye CPI Data Amid December Rate Cut Speculation
The US Dollar Index (DXY) maintained a steady position around the 106.00 mark this week, as markets digest the impact…
Gold Targets $2,700 Amid Fed Rate Cut Speculation and Geopolitical Shifts
Gold prices rallied on Tuesday, with investors eyeing a potential Federal Reserve rate cut at the upcoming December meeting. The…
3 Bullish Price Predictions for the S&P 500 in 2025: Can It Hit 7,100?
This month, the S&P 500 index reached a milestone, touching an all-time high of 6,099, driving bullish sentiments across the…
China’s Export Ban on Gallium, Germanium & Antimony: 98.8% of Gallium and 59.2% of Germanium at Risk for US Supply Chains
The simmering trade war between the U.S. and China has taken a fiery turn with China’s recent export ban on…
EUR/USD Edges Higher: 20-Day SMA Holds Key as Bulls Eye 1.0600 Resistance
The Euro (EUR) is inching higher against the US Dollar (USD) on Monday, December 9th, demonstrating a tentative recovery after…