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Gold climbed to its highest level in nearly two months on Friday after decisively breaking above the recent range ceiling at $4264, reaffirming the continuation of the recovery leg from the $3886 low of Oct 28 and pushing through the…
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The Euro holds a firm tone and extends its climb to a seven-week high on Thursday, building on Wednesday’s 0.6% post-Fed jump that accelerated bullish momentum. The currency continues to draw support from the Fed’s rate cut and the…
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The US Federal Reserve lowered interest rates by 25 basis points on Wednesday, as widely anticipated, but signaled a likely pause in early 2026, awaiting clearer indications from the labor market and persistent inflation pressures. The…
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Silver surged to a new record high of $61.59 on Wednesday, extending Tuesday’s strong rally that posted a 4.5% daily gain and broke through the psychological $60 barrier. The metal continues to benefit from robust safe-haven demand…
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The dollar index’s recovery from the 98.70 daily higher base (bottom of pullback from the 100.32 peak) slowed on Wednesday as traders awaited the conclusion of the Fed’s two-day policy meeting. Markets largely expect a 25-basis-point…
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The rebound extends into a third consecutive session and picked up momentum on Monday, rising about 2.2% by mid-European trade, as fresh bullish signals emerged following a break above the bear-channel upper boundary at 90,700 and the 38.2%…
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AUDUSD extends its steep uptrend for the eleventh consecutive session and remains on course for a second weekly advance, supported primarily by broad dollar weakness amid rising expectations for a Fed rate cut, while also maintaining a firm…
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Cable surged to a fresh five-week high on Wednesday, initially supported by stronger-than-expected UK November services PMI, while a sharper-than-anticipated decline in US private payrolls (ADP report) fueled bets for a Fed rate cut in…
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The ADP employment report revealed an unexpected decline in US private payrolls, with a drop of 32K in November, compared to an upwardly revised 47K increase in October (previously 42K) and a consensus expectation of a 5K gain. The…
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Eurozone Composite Purchasing Managers’ Index (PMI), which tracks performance of both, manufacturing and services sector, and indicates overall economic health, rose to 52.8 in November from 52.5 in October, marking its sixth monthly…
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