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XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2000.00. Upon testing the resistance, the price might break this level and go on developing the uptrend. However, the quotes could pull back to 1920.00 […]
Gold Under Pressure Gold prices are under pressure as we kick off the new week. The safe-haven was seen extending recent losses through the European open on Monday as hawkish Fed expectations once again take centre stage. Hawkish comments from several Fed members last week, including chairman Powell, have kept the prospect of further Fed […]
Daily Market Outlook, November 13, 2023 Munnelly’s Market Commentary… Asia – stock markets displayed a subdued performance as the region approached key risk events for the week. Investors exercised caution in anticipation of influential factors, including the release of US Consumer Price Index (CPI) data, Chinese activity data, the Biden-Xi meeting, and the looming US […]
The price of Bitcoin is heading up for now. However, it is likely to undergo correction soon. The asset might rebound from the level of 34330 but gain the required support at the level of 31000. This level has been repeatedly tested in the past as well. Brent oil has closely approached the supporting level […]
Buyers are still targeting 38,000 USD. There are sufficient grounds for achieving this target, and the next one is 42,000 USD. The digital asset market continues to focus on news about approving licences for launching spot bitcoin-ETFs. Prices will soar as soon as new information appears. The cryptocurrency market’s capitalisation has reached USD 1.43 trillion. […]
The Japanese yen paired with the US dollar is depreciating again. The current USDJPY exchange rate stands at 151.71. The instrument has experienced growth for six consecutive sessions. However, last week marked the yen’s sharpest decline since August, dropping by 1.48% against the US dollar. These represent the highest levels for the currency pair since […]