The Gold price (XAU/USD) is currently facing renewed selling pressure, eroding part of the strong rebound witnessed on Thursday. Despite recovering from the $3,120 region — the lowest level since April 10 — the price struggles to build on this momentum during Friday’s Asian session, hovering near the 200-period Simple Moving Average (SMA) on the...
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Silver Price Forecast: XAG/USD Hovers Near $32.50 Amid US Ban News on China’s Chip Firms
The silver market (XAG/USD) is witnessing a modest retreat during Friday’s Asian trading session, with the metal currently hovering near $32.50. This follows a brief rally in the previous session, and the pullback is primarily attributed to geopolitical tensions stemming from a report that the US Administration plans to expand its export blacklist, targeting several...
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USD/CHF Forex Signal: Presses Resistance Against Swiss Franc
The USD/CHF currency pair continues to draw attention as it approaches critical resistance levels, suggesting the potential for a shift in market sentiment. Friday’s trading session showed a distinct back-and-forth motion, yet there was a persistent pressure on resistance, signaling that buying pressure may be building. The 0.8350 level has become a key technical zone...
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EUR/USD Forex Signal: Rebound Possible After Hitting Key Support Level
The EUR/USD exchange rate has shown signs of volatility, pulling back from its year-to-date high of 1.1570 to hover around 1.1250 in the latest sessions. This movement reflects a confluence of fundamental pressures, notably from US macroeconomic data and European Central Bank (ECB) guidance, as well as technical factors that suggest a potential rebound from...
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GBP/USD Forex Signal: Bullish Pennant and Cup and Handle Forms
The GBP/USD currency pair has captured traders’ attention following a crucial US-UK trade agreement and the emergence of bullish technical patterns. As of Monday, the pair was trading at 1.3300, just below the resistance level of 1.3445, corresponding to the upper edge of a cup and handle pattern. This formation, together with a developing bullish...
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BTC/USD Forex Signal: Cup and Handle Points to More Upside
The BTC/USD currency pair has been one of the best-performing pairs in the forex and crypto markets in recent weeks. On Monday morning, the pair was trading at 104,000, its highest level since January 31, and nearly 35% above its lowest level this year. The surge is largely driven by favorable technical patterns, strong institutional...
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BTC/USD Forex Signal: Cup and Handle Points to More Upside
The BTC/USD currency pair has been one of the best-performing pairs in the forex and crypto markets in recent weeks. On Monday morning, the pair was trading at 104,000, its highest level since January 31, and nearly 35% above its lowest level this year. The surge is largely driven by favorable technical patterns, strong institutional...
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NZD/USD Forex Signal: Consolidation Below $0.6000 Signals Bearish Potential
The NZD/USD currency pair has remained locked in a tight consolidation phase beneath the psychologically significant $0.6000 level, a structure that has now persisted for several trading sessions. The market has repeatedly tested and respected this resistance zone, underlining its importance. The technical setup, combined with a renewed bullish momentum for the US Dollar following...
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Cryptocurrency Market Drops Significantly During Affected Economy
Today, crypto currency trading dropped considerably throughot the day with Bitcoin (BTC) surpassing the lost value. The most popular cryptocurrency dropped to around $76,867 which is the lowest value in four months before slightly increasing to over $80,000. This reduced value is estimated to have removed around 1 trillion dollars from the crypto value...
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The U.S. Securities and Exchange Commission (SEC) has summoned KODDPA
Recently, during KODDPA’s listing, it suffered an attack from an international hacker group, resulting in varying degrees of financial harm to hundreds of thousands of users. Numerous user complaints prompted the SEC, the U.S. MSB Financial Regulatory Department, and the National Futures Association to formally intervene in this incident, demanding prompt resolution by KODDPA. The...
