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Brent crude has fallen more than 15% over the past four trading sessions as optimism surrounding a potential US-Iran peace agreement accelerated the recent selloff, bringing prices close to levels seen before the outbreak of the conflict.…
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UK consumer inflation remained unchanged at 2.8% year-on-year in May, below market expectations for an increase to 3.0%. Core inflation, which excludes volatile components such as food, energy, alcohol, and tobacco, rose to 2.6% from 2.5%…
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The Bank of Japan raised its policy rate by 25 basis points to 1.00%, citing mounting inflationary pressures stemming from the energy shock triggered by the Middle East conflict. The move lifts borrowing costs to their highest level since…
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The near-term recovery from the higher base around the 1.3300 zone has gained fresh traction, supported by an improving geopolitical backdrop that has boosted risk sentiment and weighed on the US dollar. Although price action remains…
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Brent crude opened sharply lower on Monday and extended losses to its weakest level in more than three months, as renewed optimism over a potential resolution to the US-Iran conflict triggered a broad risk repricing across energy markets.…
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The Australian dollar remains on the front foot, testing the key resistance zone around 0.7050 for a second consecutive session. This area, marked by the base of the daily Ichimoku cloud and the 23.6% Fibonacci retracement of the…
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The euro remains well supported on Friday, building on the previous session’s rally triggered by the European Central Bank’s first interest rate hike in three years. Additional support comes from reports suggesting progress toward a…
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The European Central Bank (ECB) raised its key interest rate by 25 basis points to 2.25% at its June policy meeting, marking its first rate increase since September 2023. The move reflects the ECB’s effort to act proactively against rising…
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Brent crude has remained confined to a $90.00–$95.00 trading range for a fifth consecutive session, despite renewed geopolitical tensions in the Middle East and a much larger-than-expected decline in U.S. crude inventories. The market…
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Gold fell to its lowest level in ten weeks on Wednesday, extending its latest bearish leg after breaking decisively below the lower boundary of a descending channel that had repeatedly contained downside attempts over recent sessions.…
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