The Japanese yen, paired with the US dollar, has paused its devaluation. The current USDJPY quote is 144.59. For four days in a row, there has been no change for the yen, with the devaluation scenario remaining dominant, while there are no reasons for a correction. The statistics released yesterday showed that the Tankan non-manufacturing […]
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TitleXAUUSD H4 | Bearish reversal off 50% Fibo TypeBearish Reversal Preference:Price is approaching our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement. Price could then become bearish and head towards the 1st support level at 1912.25. Alternative scenario:If price breaks above the pivot point, price could potentially […]
What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies. Established in 1960, OPEC’s member countries include Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela. What […]