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Crude oil prices fell sharply on Friday after the Iranian government announced that the Strait of Hormuz had been reopened to all commercial shipping. Brent crude dropped by around 10% immediately following the statement during early…
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The euro rallied to a fresh two-month high on Friday, as bulls regained momentum after an eight-day advance paused in the previous two sessions with narrow consolidation. Continued weakness in the dollar helped sustain risk appetite and…
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WTI oil prices moved lower on Friday after repeated failures to secure a close above the key $90 resistance level, increasing pressure on near-term support at the base of the daily Ichimoku cloud. Price action has now traded within the…
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Bitcoin edged lower after a strong three-day advance that lifted the price above the 74,375 Fibonacci level (38.2% retracement of the 97,946/59,805 decline) and through key resistance at 74,575/74,775, where the daily Ichimoku cloud top and…
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The dollar edged modestly higher on Thursday as traders took profits following the recent decline, which accelerated over the previous three sessions and dragged the currency index to its lowest level since late February. Oversold…
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AUDUSD maintained a firm tone on Wednesday, reaching a marginally higher one-month peak, supported by improving risk sentiment driven by renewed optimism over a potential US–Iran peace agreement. The bullish outlook is reinforced by…
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Cable edged slightly lower on Thursday as bulls paused for consolidation after a strong two-day advance, which formed part of a broader seven-day rally that lifted the pair to a two-month high of 1.3589 on Tuesday and briefly pushed it…
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The US inflation report, released on Friday showed that consumer prices in the world’s largest economy increased by the most in over 3 ½  years in March, primarily driven by the impact from the US / Iran war that lifted oil prices and…
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The Euro eased on Friday, suggesting that the strong four-day rally may be showing early signs of exhaustion as it approaches a key technical barrier at 1.1722, corresponding to the base of a declining and thickening daily Ichimoku cloud.…
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Gold maintains a firmer tone while trading within a narrow range and remaining below a key resistance level on Thursday, as market participants stay cautiously optimistic amid a still-fragile ceasefire in the Middle East. The market’s…
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