USD/JPY is currently in a clear downtrend. The price has broken both the 34 and 89 EMA, which are reliable trend indicators. When the price is below both of these lines, it usually shows that the sellers are in control of the market. Additionally, the slope of the 34 EMA is starting to turn down, converging with the 89 EMA, which further reinforces the bearish...
EUR/USD is currently trading around 1.0286 with notable developments. The price is fluctuating near two important EMAs (34 and 89), indicating that the market is still looking for momentum to define a clearer trend.
The price is currently below the EMA 89 and has just tried to break above the EMA 34 but has not been really sustainable. This shows that selling...
Gold prices are currently maintaining their upward momentum, supported by lower-than-expected US core consumer price index (CPI) data. As of January 16, gold prices rose to $2,697/ounce, continuing the positive trend from the previous session.
Basic view:
According to the latest data from the US Bureau of Labor Statistics, the core CPI increased by 3.2%...
