Next on the upside emerges the 2023 peak
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EUR/USD leaves behind initial losses and approaches 1.1000.
Further gains are seen targeting the…
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Peak
XAG/USD eases from one-year peak, bullish bias remains intact
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Silver pulls back from a fresh one-year high touched earlier this Friday amid overbought RSI.
The…
USD/CAD braces to 1.3500 after hitting a 4-day peak after US NFP data
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USD/CAD jumped in response to the US jobs data.
Despite the lower-than-expected job growth in…
Gold Prices Collapse as Powell Flags Risk of Higher Peak Rates, Silver Hammered
GOLD AND SILVER PRICES OUTLOOKGold prices plunge as Powell opens the door to a higher peak rate and a bigger hike for the next FOMC meetingSilver plummets more than 4%, reaching its lowest level since November 2022Precious metals are…
US Dollar Rallies as Powell Issues Hawkish Pledge, Signals Higher Peak Rates
The Fed chairman embraces a hawkish stance and indicates that the FOMC terminal rate will likely be higher than initially anticipatedPowell says the central bank will stay the course until the job is done and that the bank is prepared to…
Next on the upside comes the 2023 peak
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DXY accelerates the upside past the 105.00 mark on Friday.
The next target of note comes at the…
Gold Prices Charge Toward Fibonacci Support as Markets Bet on Higher Fed Peak Rates
GOLD PRICE FORECASTGold prices have sold off in February, pressured by rising U.S. Treasury yields and a strengthening dollarExpectations that the Fed’s terminal rate will settle higher than initially anticipated will continue to act as a…