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The euro remains well supported on Friday, building on the previous session’s rally triggered by the European Central Bank’s first interest rate hike in three years. Additional support comes from reports suggesting progress toward a…
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The European Central Bank (ECB) raised its key interest rate by 25 basis points to 2.25% at its June policy meeting, marking its first rate increase since September 2023. The move reflects the ECB’s effort to act proactively against rising…
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Brent crude has remained confined to a $90.00–$95.00 trading range for a fifth consecutive session, despite renewed geopolitical tensions in the Middle East and a much larger-than-expected decline in U.S. crude inventories. The market…
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Gold fell to its lowest level in ten weeks on Wednesday, extending its latest bearish leg after breaking decisively below the lower boundary of a descending channel that had repeatedly contained downside attempts over recent sessions.…
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U.S. consumer prices rose 4.2% year-over-year in May, up from 3.8% in April and in line with market expectations. Core inflation, which excludes the most volatile food and energy components, accelerated to 2.9% from 2.8% in the previous…
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USD/JPY remains firmly supported above the 160 level for a third consecutive session, shrugging off repeated warnings from Japanese officials about the possibility of currency market intervention. The pair continues to draw support from…
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Brent crude opened sharply higher on Monday after renewed tensions in the Middle East, with Israel reportedly targeting Iranian energy infrastructure and Iran responding with a wave of retaliatory strikes. However, the rally proved…
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Gold remains under heavy pressure on Monday, extending Friday’s sharp 3.2% decline—the steepest daily drop since March 19—and falling to its lowest level in two and a half months. The precious metal continues to be weighed down by…
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The U.S. dollar remains firmly bid on Monday, extending Friday’s 0.65% advance and climbing to a fresh nine-week high. The index briefly pushed above the psychological 100 mark for the first time since early April, underscoring the strength…
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US nonfarm payrolls increased by 172,000 jobs in May after rising by 179,000 in April (which was upwardly revised from 115K), doubling the forecast for a payrolls increase of 85,000 jobs. The upbeat May numbers mark the second consecutive…
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