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Technical Outlook

The Australian dollar faced renewed pressure following weaker-than-expected labor data

Ahmad Elbasioni Jul 17, 2025
The Australian dollar dropped nearly 1% against the U.S. dollar during Thursday’s Asian and early European sessions, weighed down by weaker-than-expected labor data. Australia’s unemployment rate unexpectedly jumped in June to its…
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Economy

UK inflation posts surprise increase in June

Ahmad Elbasioni Jul 16, 2025
Britain’s annual inflation unexpectedly climbed to 3.6% in June, the highest level in over a year, potentially complicating the Bank of England’s decision to cut interest rates at its upcoming meeting. The June Consumer Price Index (CPI)…
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Technical Outlook

Gold – Holds steady with limited losses following U.S. CPI data

Ahmad Elbasioni Jul 15, 2025
Gold dipped in an initial reaction to June’s stronger-than-expected U.S. inflation data, which reinforced the Federal Reserve’s cautious stance on interest rates, as policymakers await clearer signs of how tariffs are affecting consumer…
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Economy

U.S. inflation accelerated in June under the weight of tariff-related pressures

Ahmad Elbasioni Jul 15, 2025
U.S. consumer prices rose more sharply in June, potentially signaling the start of a long-anticipated increase in inflation driven by tariffs. This shift has made the Federal Reserve more cautious about the prospect of resuming interest…
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Economy

China’s economy demonstrates resilience but confronts growing challenges

Ahmad Elbasioni Jul 15, 2025
China’s economy slowed less than expected in the second quarter, showing resilience against U.S. tariffs. However, analysts caution that weak domestic demand and growing global trade risks are likely to intensify pressure on Beijing to…
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Technical Outlook

GOLD – Pullback from the 3-week high has stabilized, but downside risks remain

Ahmad Elbasioni Jul 14, 2025
Gold prices retreated after reaching a three-week high on Monday, facing repeated rejections at the key Fibonacci resistance at \$3373 (61.8% retracement of the \$3452–\$3246 decline). The pullback was brief, with fresh selling pressure…
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Technical Outlook

Silver Surges to Fresh Multi-Year Peak

Ahmad Elbasioni Jul 14, 2025
Silver reached its highest level in nearly 14 years on Monday, briefly trading above \$39 as strong bullish momentum extended into a third consecutive session. Persistent uncertainty surrounding U.S. tariffs and a weakening economic…
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Technical Outlook

BTCUSD – Break Above Key 120K Psychological Level Clears Path for Further Upside

Ahmad Elbasioni Jul 14, 2025
BTCUSD surged past the key psychological barrier at 120K in early Monday trading, hitting a new all-time high above 123K as bullish momentum accelerated. The latest upside move, which began late last week, is being driven by a surge in…
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Technical Outlook

Gold – Fresh Bullish Momentum Accelerates, Breaks Through Key Resistance Zone

Ahmad Elbasioni Jul 11, 2025
Gold surged higher on Friday, breaking decisively above the upper boundary of a triangle pattern on the daily chart at $3327, and pushing through the next major resistance at $3350 — a key confluence of the 50% Fibonacci retracement of the…
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Technical Outlook

Bitcoin surges on robust institutional demand, approaches 120K milestone

Ahmad Elbasioni Jul 11, 2025
Bitcoin continues its explosive rally, marking a series of fresh record highs as the latest bullish leg stretches into a fourth consecutive day, with Friday’s gains accelerating—up 4.5% so far. The surge is fueled by renewed institutional…
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