EUR/USD Pushes Upward — Bullish Momentum Supports Rally Extension

Just six days ago, we highlighted the historic breakthrough of the $3,200 level for the first time. Now, as the XAU/USD chart shows today, the price of an ounce of gold on global exchanges is fluctuating above $3,300. Bullish sentiment is being driven by a weakening US dollar and rising trade tensions between the United […]

Fundamental Factors Affecting EURJPY ECB Rate Cuts Expected: Analysts forecast two more rate cuts in April and June, bringing the deposit rate to 2.0% but not lower. Government Spending Impact: Increased defense and infrastructure spending, particularly in Germany, could boost growth but fuel inflation, limiting further easing. Diverging ECB Views: Policymakers remain split—some warn of […]

Hello traders, welcome to another blog post. Today, we will examine WTI Crude Oil Futures (CL). The commodity experienced a sell-off in July 2024. How much lower can it go? And how can traders find opportunities along the dominant path? Looking back at the price action post-COVID, the commodity began a bullish cycle in April […]