This article delves into the technical prospects of the U.S. dollar, with a specific focus on analyzing price action dynamics for EUR/USD and GBP/USD. Additionally, the technical outlook for gold is thoroughly examined.
This article focuses on the technical outlook for several major pairs, such as EUR/USD, USD/CAD and AUD/USD. The piece also explores crucial price thresholds worth keeping an eye on in the upcoming trading sessions.
This article explores the outlook for the U.S. dollar, examining major pairs such as EUR/USD and USD/JPY. The piece also analyzes gold’s technical profile, discussing major price levels worth watching in the upcoming trading sessions.
Gold and the Nasdaq 100 present an unattractive risk-reward profile at present, as sticky U.S. inflation and resilient labor markets could prevent the Fed from delivering the aggressive rate cuts Wall Street is discounting for this year.
The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback's recent decline, but strong numbers could trigger a bullish reversal.