Gold Price Forms Triangle, Eyes on US PMI Data
Removal of the midline activates further growth. US manufacturing and services data should bring big action today. The BPC press conference could change the mood. The price of gold is…
Removal of the midline activates further growth. US manufacturing and services data should bring big action today. The BPC press conference could change the mood. The price of gold is…
Consumer confidence in the eurozone fell in January. The ECB is likely to pause interest rate hikes at its upcoming meeting. Investors will be closely scrutinizing ECB chief Christine Lagarde's…
UK services companies saw increased growth this month. The data revealed a smaller-than-expected budget deficit for December in Britain. Market indicators suggest a roughly 50% chance that the BoE will…
The EUR/USD pair could jump higher if it stays above the lower median line. Eurozone and US data should move the rate tomorrow. Removing the lower middle line reverses the…
Investors have weighed in on the possibility of a dovish stance by the Bank of Canada. The Bank of Canada is likely to keep its key overnight rate at a…
The BoJ decided to keep its ultra-easy monetary settings. There is an increasing likelihood that Japan will sustainably meet the bank's 2% inflation target. Japan's spring wage increase could exceed…
The bias is bullish as long as it is above the lower median line (lml). The new lower low reverses the upside scenario. BOJ could change the mood tomorrow. The…
Data on Friday revealed a significant drop in UK retail sales. Investors still believe the BoE will cut rates more slowly than the ECB and the Fed. Data released late…
ECB policymakers acknowledge an eventual rate cut. Market analysts predict five cuts by the ECB in the coming year. JP Morgan now expects the ECB to start cutting interest rates…
Inflation in Canada rose more than expected, dashing hopes for an early rate cut by the BoC. The US economy remained resilient, with strong retail sales. The Canadian dollar strengthened…