The buyers and sellers are in constant conflict with one another.
EURUSD is approaching an important area of potential resistance. This area includes the 50% Fibonacci level as well as a previous swing high. A break above this area could lead to further gains in the currency pair.
Prices in the bloc are increasing at the fastest rate in 50 years as energy costs surge. The ECB lifted all its key rates by three-quarters of a percentage point and warned that it was likely to raise rates again later this year. The bank had raised interest rates in July, its first increase in…
Gold had a rocky start to the week, tumbling in early Asian trading on Monday and breaking through the key support level of $1,750. Gold then spent the rest of the day trying to recover from its lows, but still ended the day down 2%. While the trading environment may have worsened the heavy selling,…
President Biden’s recent student loan reform was an important step in pushing for a $15 minimum wage, according to an expert. This is how the President’s reform could help pave the way for a better future for low-wage workers across the country. On Wednesday, the Biden administration unveiled a student loan forgiveness policy that scales…
The GBP/USD currency pair has recently witnessed some noteworthy developments in its price action. While the team managed to break through certain technical levels, it encountered resistance at the crucial 61.8% Fibonacci level. This blog post delves into the current state of GBP/USD, the significance of the recent technical movements, and the implications for traders….
After a brief period of stability, US yields have started to move higher again. This is putting pressure on the US dollar and may lead to further declines in the currency. USD’s value has been gradually decreasing, but that might change soon.Auctions for US 2 year notes have not been going well recently. This could…
Most parts of Balochistan have been without gas and electricity supply for the past six days as the unprecedented floods triggered by the above-normal monsoon rains caused widespread devastations and badly disrupted daily life in the calamity-hit province. With four more fatalities during the past 24 hours, the death toll from torrential rains and flash…
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