UKOUSD – 21 Aug 2024
UKOUSD – 21 Aug 2024 On the weekly timeframe, UKOUSD shows that the commodity is still in a bearish trend since experiencing a trend reversal last June. The strong bearish momentum has brought the price down to below the kumo cloud. Although it tried to initiate bullishness, the effort was not strong enough to push […]
Canada Inflation Cools to 3-Year Low: CPI Rises 2.5% in July
Canada Inflation Cools to 3-Year Low: CPI Rises 2.5% in July Canada’s annual inflation rate cooled significantly in July, reaching its lowest level in over three years. According to Statistics Canada, the consumer price index (CPI) rose 2.5% year-over-year, matching market expectations and down from 2.7% in June. This marks the mildest inflation rate since […]
XAU/USD Driven by Fed Rate Cut Speculation and Geopolitical Tensions
Gold prices have been on an upward trajectory, hitting near-record highs amid rising expectations of a Federal Reserve rate cut and intensifying geopolitical factors. The yellow metal remains a favored safe-haven asset as investors brace for economic uncertainties and potential market volatility. This article provides an in-depth analysis of the latest drivers behind gold’s rally, […]