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Brent crude eased into consolidation mode on Wednesday after surging 4.7% in the previous session, its strongest daily advance since July 23. Prices held just below a fresh multi-week high of $96.99, supported by escalating tensions between…
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Eurozone inflation accelerated to 3.3% in August, marking its highest level since September 2023 and rising from 2.9% in July, as renewed tensions in the Middle East drove energy prices higher and added fresh upward pressure on consumer…
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Gold remains under pressure on Monday, though the recent selloff appears to be stabilizing around the $4,400 area, where Fibonacci 38.2% retracement support of the $3,942 to $4,697 rally converges with the 20-day moving average. The…
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AUD/USD remains well supported near its highest level in three and a half months on Friday, putting the pair on course for a ninth consecutive weekly gain and a second straight monthly advance. The Australian dollar continues to draw…
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EUR/USD remains trapped in an extended consolidation phase below its fresh 3½-month high of 1.1711, while holding firmly above the recently breached Fibonacci barrier at 1.1648, representing the 61.8% retracement of the 1.1849-1.1324…
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Brent crude extended losses for a second straight session on Tuesday, dropping more than 3% as investors viewed the latest U.S. strategy of imposing sweeping sanctions on Iran as posing a lower risk to global oil supplies than a direct…
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GBP/USD traded near a fresh 6½-month high of 1.3675, reached on Friday, and remained in a quieter consolidation phase on Monday as investors turned cautious ahead of this week's key risk events. Market participants are focused on the…
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AUD/USD pauses below a fresh 2½-month high on Monday, consolidating after last Friday’s 0.8% rally capped an uninterrupted eight-week advance. The pair has broken through a significant technical barrier at 0.7180, where the 76.4%…
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Investors are now turning their attention to fresh signals on the U.S. monetary policy outlook, focusing on Wednesday’s release of the U.S. PCE Price Index, the Federal Reserve’s preferred measure of inflation, and remarks from Fed Chair…
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Brent crude remains on a firm upward trajectory on Friday, trading near a one-month high and heading for a second consecutive week of strong gains, with prices up nearly 6% so far this week. The latest rally continues to be fueled by…
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