Forex technical analysis and forecast: Majors, equities and commodities
EURUSD has escaped a consolidation range upwards, extending the correction wave to 1.0784.
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EURUSD has escaped a consolidation range upwards, extending the correction wave to 1.0784.
West Texas Intermediate (WTI) US Crude Oil prices extend the overnight pullback from the vicinity of mid-$78.00s, or a fresh monthly peak and drift lower for the second successive day on Thursday.
Gold price (XAU/USD) extends its sideways consolidative price move during the Asian session on Thursday and is currently placed just above a two-month low touched the previous day.
Here is what you need to know on Thursday, February 15: The US Dollar (USD) failed to build on Tuesday gains and the USD Index (DXY) closed in negative territory on Wednesday as the risk mood improved in the American session.
Analysts say, however, that heightened geopolitical tensions in the Middle East provided some cushion against prospects of higher rates in the US