Stay on top of your trading with analyses of the latest market news.
Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.
Key Points: EUR/USD falls below 1.0800: The currency pair dips under a significant threshold, influenced by a strong dollar and higher yields. Technical support in focus: Near-term support levels are crucial as the pair tests critical technical markers. The EUR/USD …
Key points: Aussie pinned at $0.6605: After retreating from $0.6667, the AUDUSD faces immediate support at $0.6592 and resistance at $0.6680. Kiwi eases to $0.6108: With resistance at $0.6170 and support around $0.6084, the NZDUSD reflects cautious trading. The Australian …
Key points: Spot gold falls to $2,330.44 per ounce. Strengthening US dollar and higher Treasury yields pressure gold prices. Traders focus on upcoming U.S. core PCE inflation data. This article is a follow up from: Gold rises ahead of key …
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