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Gold prices surged more than 3% on Wednesday, fueled by a sharp decline in the U.S. dollar amid growing expectations that the Federal Reserve will maintain a dovish monetary policy stance. The latest advance marks a renewed attempt…
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British inflation accelerated to a four-month high in July, largely driven by regulators’ decision to raise the cap on household energy bills. At the same time, the fragile situation in the Middle East continues to pose a significant…
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The dollar index dropped to a two-month low on Monday after finally breaking below the pivotal 99.50 support zone, an area reinforced by the base of the daily Ichimoku cloud and a key trendline that had successfully repelled several…
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Gold prices eased slightly from a fresh nine-week peak in early Thursday trading as the positive impact of softer US inflation data began to fade and investors shifted their focus to the upcoming US Producer Price Index report for…
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US inflation moderated in July, largely reflecting lower energy costs following the recent ceasefire in the Middle East, easing pressure on the Federal Reserve to consider another interest rate increase in September. The Consumer…
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Brent crude climbed to its highest level in more than a week on Tuesday, extending Monday’s near 5% rally after fresh comments from President Trump shifted market sentiment and overshadowed ongoing efforts by Iran and Oman to secure the…
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The Reserve Bank of Australia left its cash rate unchanged at 4.35% for a second consecutive meeting, citing an economic slowdown that remains broadly in line with its expectations. A softer-than-expected rise in Australia’s…
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EURUSD pushed once again above the key resistance area at 1.1560/66 on Monday, encompassing the 100-day moving average and the top of the daily cloud, after Friday’s failed breakout attempt. However, the pair continues to encounter…
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The US dollar index is stabilizing after Friday’s nearly 0.5% decline, triggered by weaker-than-expected US nonfarm payrolls data that dampened expectations for further Federal Reserve rate hikes and weighed on the greenback. Market…
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US nonfarm payrolls unexpectedly declined by 23,000 jobs in July, sharply missing expectations for an 80,000 increase. The report was further weakened by a downward revision to June's figure, which was cut to 20,000 from an initially…
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