Ahmad Elbasioni 418 posts 0 comments

The euro inched higher on Friday as the second leg of the pullback from the new 2025 peak at 1.1918 found a footing at key Fibonacci support at 1.1655, marking the 50% retracement of the 1.1391–1.1918 rally. Near-term bearish momentum…
Read More...

WTI oil extended gains for the second consecutive session, supported by renewed supply concerns and a larger-than-expected draw in US crude inventories (API report showed -3.82 mln bbls vs -3.64 mln bbls previous week). Prices advanced…
Read More...

USDJPY strengthened on Wednesday, supported by a more cautious tone on monetary policy from Fed Chair Powell alongside increased demand from Japanese importers. The dollar regained momentum after Powell emphasized the need for a balanced…
Read More...

Silver price eased its momentum after reaching a new multi-year high at \$44.46 on Tuesday but maintains a solid bullish outlook, supported by the ongoing strength in gold. The Doji candle formed on Tuesday, followed by a similar pattern…
Read More...

A strong break through the key \$3700 resistance zone propelled gold to a new record high on Monday, with prices rising 1.1% since the open. The shallow retreat from the previous peak proved to be a brief consolidation rather than a…
Read More...

Cable remains in a steep decline from last Wednesday’s 2½-month high at 1.3725, having already retraced more than 61.8% of the 1.3333/1.3725 rally and broken through the next key support at 1.3465, marked by the daily cloud top. The…
Read More...

USDJPY regained momentum, bouncing near Thursday’s one-week high after the Bank of Japan kept rates unchanged but signaled the possibility of earlier-than-expected hikes, which briefly strengthened the yen. The sharp rebound over the…
Read More...

Gold regained momentum on Thursday, rebounding by nearly \$40 after the pullback from its new record high of \$3707 found support in the \$3630 area. Prices initially spiked above \$3700 following the FOMC decision but quickly reversed…
Read More...

Bears paused above a fresh 11-week low on Wednesday, as markets awaited the outcome of the Fed’s two-day policy meeting. The dollar index extended its downtrend from the early August peak around the 100 zone, remaining within the broader…
Read More...

EURUSD extended its advance on Tuesday, benefiting from persistent dollar weakness and accelerating to fresh 2025 highs, despite a brief and shallow dip following stronger-than-expected US retail sales and industrial production figures.…
Read More...