Potential for the rally due to momentum divergence and upside condition higher time-frame...

 

 

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Australian Dollar sees green as Greenback softens after eventful Wednesday

Australian Dollar sees green as Greenback softens after eventful Wednesday

In Wednesday's session, the AUD/USD rose to 0.6480 as the US Dollar remained weak following the release of high-tier economic data. This comes despite Wednesday's publication of subdued Australian Consumer Price Index (CPI) inflation figures, which had previously limited the Aussie's rise.

AUD/USD News
EUR/USD need to clear 1.0600 to allow for further advances

EUR/USD need to clear 1.0600 to allow for further advances

The strong sell off in the Greenback encouraged EUR/USD to set aside the previous day’s pullback and refocus on a potential visit to the key barrier at 1.0600 the figure ahead of key data releases in the euro area later in the week.

EUR/USD News
Gold eases from daily highs as bears seize control

Gold eases from daily highs as bears seize control

Gold remains on the positive foot near $2,640 per troy ounce, as US inflation data matched initial estimates in October, while US yields display a negative performance across the curve.

Gold News
Ethereum Price Forecast: ETH surges 9% with increased capital inflows, bulls set sights on $4,522

Ethereum Price Forecast: ETH surges 9% with increased capital inflows, bulls set sights on $4,522

Ethereum (ETH) rallied 9% on Wednesday following increased capital inflows into ETH ETFs and a major uptick in its open interest and futures premium. If the bullish momentum sustains, ETH could overcome its yearly high resistance of $4,093 and rally to $4,522.

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Eurozone PMI sounds the alarm about growth once more

Eurozone PMI sounds the alarm about growth once more

The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.

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Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

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