Why should we pay attention? Boston-area Moderna was an unknown biotech company before it succeeded with the COVID-19 vaccine…
Daily Market Analysis
What happened? On Wednesday, 14th of July, the Central Bank of the Republic of Turkey decided to keep the cash rate at the same level as the previous month, which is 19%…
What happened? It seems that Saudi Arabia and United Arab Emirates are still discussing a potential agreement over OPEC+ policy about cooling oil prices by increasing oil supply…
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
The US Dollar Index bounced back at the first trading day of the week after a long weekend.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.
The Federal Reserve kept the current policy as widely expected. However, the surprise came from the Dot Plot.
Gold prices tumbled during the first trading day of the week declining to as low as 1844 USD/Oz. However, it was able to trim these losses and closed the day around 1866 USD/Oz.
Gold price failed to break above $1900 last week and slid down. Read the article to see the technical outlook for the price!
Gold managed to rally yesterday on the back of the US inflation data which posted the highest reading since the 2008 financial crisis,
US inflation report and ECB meeting will shake the market on Thursday. More opportunities for traders! Read the article to know how the market will probably react.