China is intensifying its push toward a fully digitized financial system after urging banks to integrate blockchain technology into lending and tax data infrastructure. The directive, issued by the State Administration of Taxation and financial
European currencies have moved into consolidation after a brief recovery, as traders remain cautious amid an uncertain geopolitical backdrop. Price action reflects a balance between a softer US dollar and limited momentum for further gains
Gold prices recently approached the $4,800 mark before entering a corrective phase, while WTI crude oil continues to build upward momentum, with potential to push towards the $110 level. Key Points to Watch Gold advanced
Given the clear daily uptrend, WTI crude oil can be expected to rise to the next resistance level 110.00 (which reversed the previous sharp upward impulse wave (1) , as can be seen from the
Markets face extreme volatility driven by crucial US jobs data, escalating Iran-US tensions spiking oil, and diverging global central bank policies. The High-Stakes US Employment Rebound The global financial community is currently holding its breath
Gold nears $4,800 as Middle East truce hopes weaken the Dollar, while technical momentum and strong US data fuel bullion. Gold Nears $4,800 as Fading Dollar Lifts Bullion for Fourth Consecutive Day The precious metal
European currencies have regained some ground in recent sessions following an earlier decline, hinting at a potential shift in short-term momentum. The US dollar has eased from its highs as traders await key economic data
The previous week in the financial markets was pressured down by rising inflation expectations. The hawkish monetary policy shift across the globe boosts demand for the US dollar. As there are no significant economic publications
EUR/USD is trying to recover after finding support near 1.1450, while USD/JPY is retreating from recent peaks above 160.00 and may extend its decline towards lower levels. Key Points The euro slipped below 1.1600 before
Given the strength of the active impulse wave 3, EURUSD currency pair can be expected to fall to the next support level 1.1415, which formed the daily Morning Star at the end of July.
