tensions

XAU/USD Breaks Out of Pennant Pattern, Gold Price Predicted to Rise to $2,043

Source Node: https://platodata.network/platowire/xau-usd-breaks-out-of-pennant-pattern-gold-price-predicted-to-rise-to-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD, also known as the gold price, has recently broken out of a pennant pattern, which is a bullish signal for the precious metal. This breakout has led many analysts to predict that the gold price will rise to $2,043 in the near future.A pennant pattern is a technical analysis chart pattern that forms when there is a period of consolidation after a strong price movement. The pattern is formed by two converging trendlines that form a triangle shape. The pennant pattern is considered a continuation pattern, which means

XAU/USD Pennant Breakout Confirmed, Gold Price Expected to Rise Towards $2,043

Source Node: https://platodata.network/platowire/xau-usd-pennant-breakout-confirmed-gold-price-expected-to-rise-towards-2043/
Time Stamp: April 5, 2023 2:08 AM - Modified On: April 5, 2023 - Published By:
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The XAU/USD pennant breakout has been confirmed, and gold prices are expected to rise towards $2,043. This news has sent shockwaves through the financial world, as investors scramble to position themselves for the expected surge in gold prices.The XAU/USD pennant breakout is a technical analysis pattern that occurs when the price of gold forms a triangle shape on a chart. This pattern is formed when the price of gold is consolidating after a significant move up or down. The pennant pattern is characterized by a series of lower highs and

Jeffrey Gundlach, Billionaire ‘Bond King’, Forecasts Significant Rate Cuts by the Fed in the Near Future

Source Node: https://platodata.network/platowire/jeffrey-gundlach-billionaire-bond-king-forecasts-significant-rate-cuts-by-the-fed-in-the-near-future/
Time Stamp: March 24, 2023 9:30 PM - Modified On: March 24, 2023 - Published By:
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Jeffrey Gundlach, the billionaire bond king and CEO of DoubleLine Capital, has recently made headlines with his prediction of significant rate cuts by the Federal Reserve in the near future. Gundlach is known for his accurate predictions in the bond market, and his latest forecast has caught the attention of investors and economists alike.Gundlach's prediction comes at a time when the US economy is showing signs of slowing down. The ongoing trade war with China, coupled with weaker global growth and geopolitical tensions, has led to concerns about a potential

GBP/USD: Bullish Extension Expected as Pound Sterling Price Rises – News and Forecast

Source Node: https://zephyrnet.com/pound-sterling-price-news-and-forecast-gbp-usd-bulls-are-in-the-market-and-eye-a-bullish-extension/
Time Stamp: March 21, 2023 3:53 PM - Modified On: March 21, 2023 - Published By:
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The GBP/USD currency pair has been on a bullish run in recent weeks, with the pound sterling price rising against the US dollar. This trend is expected to continue in the coming weeks, as economic data and political developments continue to support the pound.One of the main drivers of the pound's recent strength has been the UK's successful vaccination program, which has allowed the country to reopen its economy faster than many other countries. This has boosted investor confidence in the UK economy and led to increased demand for the

Analysis of USD/JPY Price: Bulls Aim to Test Key Resistance at 132.60, with Attention on 50% Reversion and Support Levels

Source Node: https://zephyrnet.com/usd-jpy-price-analysis-bulls-are-up-to-test-key-resistance-near-132-60-50-reversion-and-support-eyed/
Time Stamp: March 21, 2023 3:52 PM - Modified On: March 21, 2023 - Published By:
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The USD/JPY currency pair has been on an upward trend since the beginning of the year, with bulls aiming to test key resistance at 132.60. This is a significant level for traders as it represents a major psychological barrier that, if broken, could lead to further gains for the pair.One of the key factors driving the USD/JPY price higher is the divergence in monetary policy between the US and Japan. The Federal Reserve has been raising interest rates, while the Bank of Japan has maintained its ultra-loose monetary policy. This

Weekly News Roundup for March 22, 2023: Stay Up-to-Date with the Latest Developments

Source Node: https://zephyrnet.com/live-weekly-news-roundup-march-22-2023/
Time Stamp: March 21, 2023 3:38 PM - Modified On: March 21, 2023 - Published By:
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As the world continues to evolve, it is important to stay informed about the latest news and developments. This is especially true in today's fast-paced digital age, where information is constantly being disseminated through various channels. To help you stay up-to-date, we have compiled a weekly news roundup for March 22, 2023.1. COVID-19 UpdateThe COVID-19 pandemic continues to be a major concern for people around the world. As of March 22, 2023, there have been over 400 million confirmed cases and over 7 million deaths globally. While some countries have

Euro Continues to Rise as Market Turmoil Subsides: EUR/USD Update

Source Node: https://zephyrnet.com/eur-usd-euro-extends-rally-market-turmoil-eases/
Time Stamp: March 21, 2023 6:51 AM - Modified On: March 21, 2023 - Published By:
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The Euro has been on a steady rise against the US dollar in recent weeks, as market turmoil subsides and investors regain confidence in the global economy. The EUR/USD exchange rate has climbed from around 1.17 in early August to over 1.19 at the time of writing, marking a significant increase in value for the Euro.One of the main factors driving this upward trend is the easing of tensions surrounding the ongoing trade dispute between the US and China. While the two countries have yet to reach a formal agreement,

USD/INR aims to break multi-tested resistance at 83.00, with anticipation for Fed’s decision.

Source Node: https://zephyrnet.com/usd-inr-targets-83-00-multi-tested-resistance-while-awaiting-feds-decision/
Time Stamp: March 21, 2023 12:24 AM - Modified On: March 21, 2023 - Published By:
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The USD/INR currency pair has been on an upward trend since the beginning of 2021, with the exchange rate currently hovering around 73.50. The pair has been testing the resistance level at 83.00 multiple times over the past few months, and traders are now anticipating a potential breakout.One of the key factors driving the USD/INR exchange rate is the upcoming decision by the US Federal Reserve on its monetary policy. The Fed is expected to announce its decision on interest rates and other monetary policy measures on September 22nd. Traders

USD/INR aims for multi-tested resistance at 83.00 and anticipates Fed’s verdict.

Source Node: https://zephyrnet.com/usd-inr-targets-83-00-multi-tested-resistance-while-awaiting-feds-decision/
Time Stamp: March 21, 2023 12:24 AM - Modified On: March 21, 2023 - Published By:
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The USD/INR currency pair has been on a rollercoaster ride in recent months, with the Indian rupee gaining strength against the US dollar. However, the pair is now eyeing multi-tested resistance at 83.00, which could prove to be a crucial level for its future direction.The Indian rupee has been one of the best-performing emerging market currencies in 2021, thanks to a combination of factors such as a strong economic recovery, a decline in COVID-19 cases, and a surge in foreign investment inflows. This has led to a rally in the

USD/INR aims for 83.00 resistance level with multiple tests, anticipating the Fed’s verdict.

Source Node: https://zephyrnet.com/usd-inr-targets-83-00-multi-tested-resistance-while-awaiting-feds-decision/
Time Stamp: March 21, 2023 12:24 AM - Modified On: March 21, 2023 - Published By:
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The USD/INR currency pair has been on a steady upward trend in recent weeks, with multiple tests of the 83.00 resistance level. This trend is largely driven by anticipation of the Federal Reserve's verdict on interest rates and the overall strength of the US economy.The Federal Reserve is expected to announce its decision on interest rates in the coming weeks, and many analysts are predicting that the central bank will raise rates for the first time in several years. This would be a significant shift in monetary policy, and it

AUD/USD Exchange Rate Struggles Near 0.6700 as USD Selling Offers Some Relief

Source Node: https://zephyrnet.com/aud-usd-remains-depressed-near-0-6700-fresh-usd-selling-lends-some-support/
Time Stamp: March 20, 2023 8:37 AM - Modified On: March 20, 2023 - Published By:
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The AUD/USD exchange rate has been struggling near the 0.6700 level in recent weeks as the US dollar has been selling off. This has offered some relief to the Australian dollar, which has been under pressure due to a number of factors. The AUD/USD exchange rate is a measure of how many US dollars it takes to buy one Australian dollar. In recent weeks, the exchange rate has been hovering around the 0.6700 level, which is a level that has been seen as a key support level for the Australian

XAU/USD Gold Price Gains Over 3%, Reaches $2,000 Forecast

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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The XAU/USD gold price has recently gained over 3%, reaching the $2,000 forecast. This is a significant milestone for the precious metal, which has been on a steady rise since the start of the pandemic. The increase in gold prices is being attributed to a variety of factors, including a weak US dollar, geopolitical tensions, and central bank stimulus programs. The US dollar has been weakening due to a variety of factors, including the Federal Reserve’s decision to keep interest rates low and the US government’s increasing debt levels. This