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Technical Outlook

Dollar index holds steady ahead of Powell’s remarks

Ahmad Elbasioni Aug 22, 2025
The dollar index advanced to a three-week high on Friday, extending recent strength as shifting expectations around Federal Reserve policy continued to support the US currency. Earlier signals of deeper policy easing—sparked by weaker July…
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Technical Outlook

WTI crude rises on stronger demand, falling inventories, and geopolitical uncertainty

Ahmad Elbasioni Aug 21, 2025
WTI crude oil prices climbed to a one-week high on Thursday, extending early signs of stabilization and potential reversal after a recent slide from the late-July peak near 70.50 found temporary support around 61.50. The move was supported…
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Economy

Inflation in the UK climbs to its highest level in several months this July

Ahmad Elbasioni Aug 20, 2025
Britain’s inflation accelerated in July, rising to 3.8% from 3.6% in June, surpassing the forecast of 3.7% and marking the highest level since early 2024. The latest data also revealed that the UK currently has the highest and…
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Technical Outlook

AUDUSD – near-term outlook stays neutral as the pair continues to trade within the daily cloud

Ahmad Elbasioni Aug 19, 2025
AUDUSD has stayed in sideways mode for a third consecutive session, with near-term action confined within a narrow daily cloud. Attempts to push above the cloud top (0.6512) were repeatedly capped by the daily Kijun-sen (0.6522),…
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Technical Outlook

WTI Crude – bearish pressure persists ahead of Ukraine peace negotiations

Ahmad Elbasioni Aug 18, 2025
WTI oil prices slipped back into negative territory on Monday, after only brief support from U.S. threats directed at India to halt purchases of Russian crude. The decline pushed prices closer to the lower boundary of the near-term…
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Technical Outlook

Gold – bullish momentum holds above daily cloud as markets focus on Trump’s meetings with political…

Ahmad Elbasioni Aug 18, 2025
Gold prices inched higher on Monday morning as investors turned cautious ahead of today’s meeting between President Trump and leaders from Ukraine and several European countries. Following last week’s Trump–Putin summit in Alaska —…
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Technical Outlook

USD/JPY – Bearish momentum softens, though downside risks remain

Ahmad Elbasioni Aug 14, 2025
USD/JPY extended its losing streak for a third straight session on Thursday, deepening the decline and touching a three-week low. Fresh selling pressure drove the pair below key support at 146.80/70 (50% retracement of the 142.68–150.91…
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Technical Outlook

GBP/USD – Bulls extend gains for a second day, nearing key resistance levels

Ahmad Elbasioni Aug 13, 2025
Cable extends its upward momentum, approaching key near-term resistance levels at 1.3588 (July 24 high) and 1.3618 (daily Ichimoku cloud top). Sterling’s strength in the past two sessions has been underpinned by a weaker dollar—driven by…
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Economy

US inflation posts moderate increase in July

Ahmad Elbasioni Aug 12, 2025
US consumer prices rose modestly in July, with the CPI up 0.2% from the prior month, easing from June’s 0.3% gain, while the annual inflation rate held steady at 2.7%. Core CPI, which excludes food and energy, climbed 0.3% in July after…
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Central Banks

Reserve Bank of Australia lowers interest rate by 25 basis points in line with expectations

Ahmad Elbasioni Aug 12, 2025
The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 3.6% today, matching market expectations, after recent economic data suggested core inflation would remain near the midpoint of its 2%–3% target range, supporting…
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