The EUR/USD pair is currently hovering around 1.141, reflecting a clear lack of buying interest. As Friday's U.S. session unfolded, the pair lost momentum and slipped below the 1.1400 mark—an important psychological level that had previously offered support.
This decline came on the back of stronger-than-expected U.S. nonfarm payrolls data for May, which...
Bitcoin is now pressing against the key resistance zone around $106,920—a level that has consistently rejected price advances in recent weeks. After a decent recovery, momentum seems to be stalling, and often, that quiet before the storm tells us more than a breakout ever could.
Zooming in, we may be witnessing a classic fake-out formation—a subtle move above...
Hey traders, let’s take a closer look at what’s happening with gold this week.
After multiple failed attempts to break above the 3,385 USD resistance, XAUUSD has continued to retreat, searching for fresh momentum. As the new week begins, price action is hovering around the psychological 3,330 USD level, with no clear signs of a bottom yet.
At the moment, gold...
Gold has returned to a weaker stance, trading around $3,309 during the U.S. session. The U.S. dollar gained some positive momentum as markets leaned toward the possibility that the Federal Reserve will keep its policy unchanged in July following the May report, causing XAU/USD to drop lower into the weekend.
Additionally, U.S. economic data released on the same...
Hello traders! What’s your take on EURUSD?
EURUSD is currently trading just below a key resistance zone, signaling a potential pullback. A double top pattern may be forming, suggesting the pair could correct before regaining bullish momentum.
We expect a short-term retracement toward the identified support levels before any continuation of the broader...
Hey traders! Let’s take a quick look at what’s happening with gold as the week wraps up.
Yesterday, OANDA:XAUUSD saw a sharp drop during the U.S. session, sliding more than 600 pips. But by this morning, the metal bounced back with a short-term recovery, finding strong support around the $3,342 level.
The move came after U.S. jobless claims data came in...
Gold surged to around $3,373/oz today, rising over $22 compared to the same time yesterday, after weaker-than-expected U.S. jobs data sparked fresh demand for safe-haven assets.
According to ADP, the U.S. private sector added just 37,000 jobs in May—far below the 115,000 forecast and April’s 60,000. The sharp slowdown in hiring suggests growing cracks in the U.S....
