As EURUSD retests 1.08 it may be primed for a new leg of the rally
The batch of EU economic data released on Tuesday curbed the bearish momentum in the Euro that we saw for the Euro in the first half of the day. EURUSD fell to 1.08, but started to recover following the release of upbeat economic data, namely consumer inflation in France, unemployment in Germany, as well as […]
XAU/USD Primed for the Next Leg Higher
Gold Price (XAU/USD), Chart, and Analysis Financial markets disagree with the Fed’s ‘higher for longer’ narrative. Higher highs and lows keep the precious metal moving higher. Recommended by Nick Cawley Download our brand new Q1 2023 Gold forecast Gold is ending the week on a high after data painted a mixed picture of the health […]
Is gold primed for a rally on expectations of central banks easing cycle in 2023?
Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR and GBP:Positive December price data from Germany failed to offset selling pressure in Euro, despite significant pullback in the rate of consumer price growth – from 10% […]