Gwen_Humuna

Gwen_Humuna

EUR/USD maintains a higher level but remains below 1.0600 in Wednesday's Asian trading. Risk sentiment prevails, weighing on the US Dollar, especially amid positive data from China. Market focus is on Lagarde's speech and EU/US data. The EUR/USD rate has risen above the 20-day Simple Moving Average (SMA), which still slopes downward. The Momentum indicator is...

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GBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40,...

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Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision...

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Gold prices are on the rise, reaching $1,950 in Asian trading on Wednesday. The precious metal's uptrend is bolstered by positive economic activity and optimistic GDP data from China, coupled with the overall weakness of the US Dollar. Market watchers await updates from the Federal Reserve and key US economic data. The daily XAU/USD chart indicates increasing...

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Bitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false. Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated,...

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Gold experienced a sluggish start this Tuesday, opening below the critical resistance level of $1,923. Despite the recent price weakness, XAU/USD continues to trade within Monday's range. The precious metal is consolidating its correction from a three-week high of $1,933, with selling pressure persisting below the important 100-day Moving Average (DMA) at...