Ahmad Elbasioni 472 posts 0 comments

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...

Gold climbed to fresh record highs in late Monday and early Tuesday trading, as bullish momentum returned following a four-day consolidation. The latest weakness in the US dollar ahead of Wednesday’s Fed decision, where a 25-basis point…
Read More...

AUDUSD held a firm tone on Monday, trading just below a new 2025 high at 0.6668, extending momentum from last week’s 1.4% rally, its strongest weekly advance since mid-June. The Australian dollar drew solid support from a weaker US…
Read More...

Britain’s economy stagnated in July, with growth flat after a sharp decline in factory output. The figures aligned with expectations for a softer start to the second half of 2025, though they proved disappointing for the government ahead of…
Read More...

Gold prices traded in a tight consolidation below a fresh record high on Thursday, slowing momentum ahead of the release of US inflation data. Expectations point to higher US consumer prices in August, largely driven by import tariffs,…
Read More...