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Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus
Gold prices are being supported by a shift in Chinese monetary policy, and geopolitical developments. China has resumed gold purchases after a six-month pause. From a technical perspective, gold is currently caught between support at $2650 and resistance at $2700. A break above $2700 could signal fu
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How Do IT Recruitment Agencies in Dubai Shape the Future of Tech Talent?
As far as bright-pink development techniques go in Dubai, it is currently in the midst of a huge fiery boom. This is because of the fast-hastening technological advancements as well as that sought-after dream of making Dubai a global digital hub. The competition is stiff and intense among the tech c
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CAD falling on employment and interest rates, ranging Gold and Silver [Video]
Last Friday, Canadian new employment was up by more than double the estimate. So? Why then did CAD get so much weaker? Apparently, the new Canadian jobs were mostly government jobs but the unemployment rate was higher than expected. This will lead the Bank of Canada to look at a big Interest Rate cu
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NZD/USD: Likely to trade with a downward bias – UOB Group
Scope for New Zealand Dollar (NZD) to continue to weaken; given the oversold conditions, any decline is unlikely to reach last month’s low, near 0.5795. In the longer run, NZD is likely to trade with a downward bias towards 0.5795; the likelihood of it reaching 0.5770 is not high for now, UOB Group’
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US jobs in focus, with ADP set to moderate after last month’s bumper 233k figure
Mainland European markets rise despite economic and political uncertainty. Bank of England on course to cut by 100bp next year as services price pressures grow. US jobs in focus, with ADP set to moderate after last month’s bumper 233k figure. A mixed start to trade in Europe has seen mainland equiti
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EUR/USD: Strategic Short Opportunities Unveiled
#EUR/USD# The EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels. Suggested Trading Strategy
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GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving
GBP/USD maintains a downward trend but shows signs of short-term upward bias. Resistance levels to watch include 1.2714 and the 200-day SMA at 1.2818. Key supports lie at 1.2600 and further down at the November 26 low of 1.2506. Oscillators like the Relative Strength Index (RSI) hint at continued be
Pull-up Update
