The pair is consolidating in the range of 1.1770–1.1850 ahead of Jerome Powell’s speech at Jackson Hole symposium. If he indicates that the regulator will shift its inflation targets to “average”, this may support the US dollar. However, if he doesn’t report anything new about the Fed’s monetary policy …
Wednesday, August 26th, today’s news—gold is up amid the pessimistic data from the US, consumer confidence index and unemployment fears. The dollar is stronger, oil is up following an output cut by the US, European markets await the speech from the Fed's head Jerome Powell. The price of Brent oil …
The stock is trading in the lower range of 365 and 135 moving averages and is testing the price pivot zone of 5.270. Stochastic Oscillator indicates an oversold condition. The price is also at the lower border of the ascending price channel.
monitor the price movement …
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