The EURUSD lost momentum on Wednesday as concerns about the eurozone's economic outlook intensified. However, the intraday bias remains neutral and more consolidation is likely below 1.1008. A further rebound is expected as long as the 1.0722 support level is held. On the upside, a break above 1.1016 would resume the overall uptrend starting from 1.0450 and retest...
On Wednesday, the GBPUSD fell sharply during the European session as UK inflation for November came in below expectations. The fresh weakness is expected to completely reverse Tuesday's gains and challenge key support at 1.2636. With the overall decline of the GBPUSD, bears are expected to test the starting point of the upward impulse waves. Subsequently, the...
Gold prices attempted to continue their upward march after the US Bureau of Economic Analysis (BEA) reported in its final estimates that the economy grew 4.9% compared to previous estimates and figures. that's 5.2%. This has led to a sharp sell-off of the US Dollar, which has been affected by rising expectations of interest rate cuts by the US Federal Reserve...