News of the day, Friday, May 27
The U.S. dollar weakened today decreasing to a one-month low on rising expectations of the Federal Reserve's short-lived policy tightening cycle. The dollar index traded 0.2% lower earlier today.
Oil prices dipped today yet still holding near a two-month high, as tight supply …
Gold returned to the upside after testing the support level 1845.00 and failing to breach it, to rebound upwards and reach the first resistance 1856.00 at the lower line of the ascending channel, where the EMA 20 resides. This is within the bearish correction movement that it was making. Therefore, …
The GBP/USD pair broke the resistance level 1.2590 and rose to the next resistance 1.2640, and it is currently trying to breach it and complete the bullish path.
The bullish movement of the price comes with positive support from the technical indicators, where the moving averages are pressing the price …
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