The GBP/USD pair has shown continued strength this week, briefly retesting the 1.3400 level for the second time in as many weeks. However, this zone remains a strong resistance area, and bulls have struggled to establish a sustained breakout above it. During the Asian session this morning, the pair saw some profit-taking, leading to a retracement toward 1.3350, as...
West Texas Intermediate (WTI) crude edged lower overnight, extending its recent pullback following the latest U.S. Energy Information Administration (EIA) weekly report for the week ending May 9. The data revealed an unexpected build of 3.45 million barrels in U.S. crude inventories, contrasting sharply with the prior week's 2.03 million-barrel draw and defying...
The Gold price rally has halted, as “double-top” candle chart appears to be soon confirmed, which in reverse could send XAU/USD prices toward the $3,000 figure and beyond. Momentum shows that buyers' strength is fading and that sellers are stepping in following a softer-than-expected US inflation report and weaker global outlook as market awaits further...
