EUR/GBP SIGNAL GREEN FARAZ The ECB in its Thursday meeting will announce its quarterly projections for inflation and growth, with the rate decision and a press conference to follow. The recent economic data suggest that with the ease of lockdown and the faster rollout of vaccination, the Eurozone economy would rebound strongly in the second half of the year.
XAU/USD SIGNAL GREEN FARAZ May was certainly a positive month for the yellow metal. Gold could keep its momentum later this year, but a lot depends on the Fed and inflation.
GBPAUD is approaching buy entry level, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension , ascending trendline support and horizontal overlap support
Gold struggled to capitalize on Friday's goodish rebound from the $1,855 region, or three-week lows and edged lower on the first day of a new trading week. The commodity remained depressed heading into the North American session and was last seen trading just above the $1,885 level, down nearly 0.20% for the day.
This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European...
The GBPCAD rate depends primarily on the monetary policies of the Bank of England and the Bank of Canada. One other factor that is very critical in the GBPCAD rate are crude oil prices, the main export product of Canada. The Canadian economy is the 10th largest by nominal GDP, while the UK economy is the 6th largest and the health of the economies is an important...