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Technical Outlook

BTCUSD – Bulls surge past 120K, approaching record highs

Ahmad Elbasioni Aug 11, 2025
BTCUSD broke decisively above the psychological 120K mark on Monday, reaching its highest level in nearly a month at 122,300. The rebound from the 112K zone—marking both a higher base and the bottom of the pullback from the record…
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Technical Outlook

Gold breaks through a key resistance area amid renewed surge in safe-haven demand

Ahmad Elbasioni Aug 7, 2025
Gold prices climbed on Thursday morning as a new round of US import tariffs came into effect, intensifying global uncertainty and boosting safe-haven demand. The rally pushed prices through the key \$3400 resistance zone (76.4% Fibonacci…
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Technical Outlook

EURUSD – Bulls maintain strong control above ascending daily Ichimoku cloud

Ahmad Elbasioni Aug 6, 2025
EURUSD rallied on Wednesday, extending its post-NFP rebound after a brief two-day pause that followed Friday’s sharp surge. The bullish momentum resumed, lifting the pair to a one-week high and nearing the 61.8% Fibonacci retracement of…
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Technical Outlook

GBPUSD – Recovery loses momentum ahead of BoE rate decision

Ahmad Elbasioni Aug 6, 2025
Cable edged lower in early European trading on Wednesday, pressured by disappointing UK data, as July’s Construction PMI dropped to its lowest level since 2020. Despite the dip, the pair remains locked within a narrow range for the third…
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Economy

Eurozone business activity saw a slight uptick in July – PMI

Ahmad Elbasioni Aug 5, 2025
Economic data released on Tuesday indicated that business activity in the Eurozone picked up slightly in July compared to June, though overall momentum remained subdued due to persistently weak demand. The Eurozone Composite Purchasing…
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Technical Outlook

WTI oil extends sharp decline following OPEC+ decision to boost output further

Ahmad Elbasioni Aug 4, 2025
WTI crude extended its sharp decline for a third consecutive day on Monday, nearly erasing last week’s rally from \$64.99 to \$70.50. The pullback accelerated after multiple failed attempts to break above the \$70.00 level — a key…
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Technical Outlook

USD INDEX – Bears pause following Friday’s steep decline

Ahmad Elbasioni Aug 4, 2025
The U.S. dollar index edged slightly higher on Monday morning, recovering modestly after a sharp 1.5% drop on Friday — its largest single-day loss since April 10. The selloff followed weaker-than-expected July nonfarm payrolls data, a…
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Economy

A sharp decline in job growth and a rise in unemployment signal a slowdown in the U.S. labor market.

Ahmad Elbasioni Aug 1, 2025
U.S. nonfarm payrolls rose by just 73,000 in July, significantly below the forecast of 110,000 and well under June’s sharply revised figure of 14,000 (down from the initially reported 147,000). The unemployment rate edged up to 4.2% from…
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Economy

Eurozone inflation holds steady at 2% in July

Ahmad Elbasioni Aug 1, 2025
Inflation in the Eurozone held steady at the European Central Bank’s 2% target in July, slightly above the 1.9% forecast, reinforcing the ECB’s more dovish outlook on price pressures. The stable reading supports the central bank’s…
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Technical Outlook

BTCUSD – Break Below Two-Week Range Signals Weakness, but Key Support Remains Intact

Ahmad Elbasioni Aug 1, 2025
BTCUSD dropped to a three-week low around the 114K area on Friday morning, as market sentiment weakened following President Trump's latest orders to impose trade tariffs on several countries. The decline, which broke below a two-week…
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