EUR/USD is currently positioned around 1.1500 on Tuesday, maintaining the gains from Monday’s recovery after breaking a four-day decline that saw the pair drop from above 1.16 to a session low of 1.1410 — a fluctuation exceeding 5% within just a few days. The recovery appears to be progressing positively at first glance. It is … Read more
In previous AUD/USD forecast almost two weeks ago, it is noted that the price was undergoing a flat consolidation within a bullish trend, suggesting that a long trade from a bounce off the support level at $0.6661 would likely have been a prudent decision. We also considered that a bullish breakout beyond $0.6760 would indicate … Read more
GBP/USD has surged from the mid-1.34 range to trade between 1.3540–1.3600, reaching a four-month high and confirming a distinct macro shift in favor of Sterling. The catalyst is not emotion but concrete information. In December, UK Retail Sales experienced a 0.4% month-over-month increase, surpassing expectations of a -0.1% decline. Additionally, annual growth improved from 1.8% … Read more