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GBP/USD Faces Critical Resistance at 1.2440: Breakout or Downtrend?

The GBP/USD (Cable) has been steadily recovering from recent lows and is now encountering key resistance at 1.2440, a crucial level within the descending channel. A successful break above this resistance could indicate a potential reversal, allowing the pair to continue its upward move after months of downward momentum. If the resistance at 1.2440 is […]

Transdniestria Faces Gas Shortage as Moldova and Russia Clash

Moldova’s Separatist Region Warns Gas Supplies Nearing Depletion The leader of Moldova’s breakaway Transdniestria region, facing extreme energy shortages, warned that gas supplies would run out in just a few days, urging Moldova’s central government to address the delay in providing new supplies. In response, Moldova’s Prime Minister Dorin Recean explained that the solution lies […]

Key Central Bank Moves as Trade Risks Loom

Central Banks Set for Action Amid Trade Tensions and Economic Data As the first central bank meetings of 2025 unfold, the Fed, ECB, and BoC will likely make headlines with their respective policy decisions. With Trump’s tariff threats in focus, the Fed is expected to hold rates steady, while the ECB and BoC are anticipated […]

Record Profits Await Gold Miners in Q4

Gold miners are about to unveil their most profitable quarter ever, thanks to record-high gold prices and stable or lower mining costs. However, gold stocks are still trading as though their earnings and gold prices are much lower, creating a significant valuation discrepancy. The upcoming Q4 and 2024 earnings results should help correct this, leading […]