Day: February 28, 2024

In Tuesday’s early New York session, gold showcased its resilience against the US Dollar, buoyed by hopes of an eventual dovish turn in Federal Reserve policy. Investors, eyeing a potential rollback of the Fed’s restrictive interest rate stance, flocked towards non-yielding assets like gold, seeking refuge from the uncertainties looming in the market. However, the […]

Japanese Inflation Tops Forecasts The Japanese Yen is seeing better demand across early European trading on Tuesday. Overnight, the latest Japanese inflation data has once again turned for onto potential BOJ policy normalisation. National Core CPI was seen coming in at 2% last month, above the 1.9% the market was looking for. The data increases […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target could be the support at 1.0820. However, the price could rise to 1.0900 and maintain its upward momentum without testing the […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 2/8 (0.6530) is expected, followed by a price decline to the support at 1/8 (0.6500). The scenario might be cancelled […]