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The price of silver rebounded from the lower boundary of the downtrend, which is located next to the level of 20.80, and formed the bullish engulfing at the end of the trading week. The asset’s price is likely to rise, enter the broken uptrend, rebound, and drop. So, let’s observe what might happen. The currency […]
Oil prices resumed their downward trend on Wednesday following the release of employment data from ADP: Job growth was significantly lower than expected, with only 83K jobs added compared to the anticipated 156K. The accompanying commentary was equally disconcerting, highlighting a marked deceleration in job growth throughout September, primarily attributed to job reductions within large […]
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The US Dollar saw an uptick following the Payrolls report, which unexpectedly exceeded the forecast in terms of job growth. The DXY dollar index rose above 106.50, once again targeting the bullish support level of 107: The US economy added 336,000 jobs in September, while the consensus forecast had anticipated 160,000. However, other indicators, such […]