EUR/USD Analysis: Upward Movement in 2024
Amidst an upward momentum, the EUR/USD pair rose above the resistance of $1.1080, reaching its highest level in nearly eight months, as expectations of US interest rate cuts by the Federal Reserve pressured the dollar.
GBP/USD Analysis: Recovery Trend Back in Focus
At the start of this week, the GBP/USD currency pair jumped close to the psychological resistance of 1.3000, reaching its highest level in a month.
Gold Analysis: Gold Hovering Near All-Time Highs
As trading began this week, gold traded around and above the psychological resistance of $2,500 per ounce, hovering near its all-time highs, driven by strong demand for safe-haven assets as financial markets assessed the Federal Reserve's monetary policy expectations.
USD/BRL Analysis: After Big Highs a Welcomed Return to Known Realms
The currency pair is traversing value it last saw in the middle of July, and it should be noted the USD/BRL also traded within this realm in the middle of June.
USD/SGD Analysis: Dynamic Bearish Trend Challenging Key Lower Values
The USD/SGD is trading near the 1.30845 level as of this writing, which is within sight of lower values not traded in a handful of years.