News for today, Friday, February 4
The US dollar decreased approx. by 2% this week, which is the most noticeable weekly drop since March 2020. On the other hand, EUR/USD is up 0.2% to 1.1456. The main reason for Euro’s increase is the ECB press conference following a policy meeting …
The GBP/USD pair managed to achieve our extended target at 1.3610 and is making attempts to breach it now, to indicate the price direction to confirm restoring the main bullish trend again, as we expect to achieve additional positive targets that reach 1.3685 then 1.3745.
Therefore, the bullish trend will …
Gold price trades around 1805.00, waiting to obtain a positive stimulus that contributes to pushing the price to resume positive trades, which mainly targets the 1825.15 level, noting that breaching 1808.00 will facilitate the price’s mission to achieve the mentioned target.
On the other hand, it should be noted that …
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