Day: February 5, 2024

The EURUSD pair is currently hovering near recent lows, extending the downside on Monday as markets still digest the stellar NFP report released last Friday and the unexpected verbal intervention from Powell, which he decided to make in the interview on Sunday. Momentum indicators suggest that the pair could have another leg lower; however, the […]

Last week, Gold formed a gap and broke the local downtrend (points 1, 2, and 3). Hence, the price of this asset might potentially get back to the broken downtrend and then rebound forward. In this case, the asset’s price might test the resistance level of 2085. So, let’s observe what might happen next. The […]

Gold Falls on Monday Gold prices are seeing decent selling interest across early European trading on Monday. The move comes amidst an uptick in USD on the back of a bumper set of US jobs figures last week and hawkish commentary from Fed’s Powell over the weekend.   US Jobs Soar Again On Friday, the NFP […]

Euro Lower on Monday EURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set of bumper US jobs figures on Friday which saw the largest jobs growth in a […]