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Data released on Thursday reinforced the increasingly fragile outlook for the Eurozone economy, as business activity contracted at the fastest pace in nearly three years in May amid the prolonged economic fallout from the wars in Ukraine…
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Gold posted a modest recovery on Wednesday after breaking below the key $4500 support zone, marked by the 50% Fibonacci retracement of the $4099/$4889 rally and a recent higher base, reinforcing broader bearish pressure in the near term.…
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UK annual inflation slowed to 2.8% in April, marking its lowest level in more than a year, down from 3.3% in March and coming in below market expectations for a 3.0% rise. Core inflation, which excludes volatile components, eased to 2.5%…
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The dollar regained momentum on Tuesday following the previous session’s sharp decline, as the Dollar Index once again tested the key resistance zone at 99.20/30, marked by the 61.8% Fibonacci retracement of the 100.48/97.40 decline and the…
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Brent crude surged to a two-week high in early Monday trading, building on last week’s 4.5% rally as escalating tensions in the Middle East and diminishing hopes for a peace agreement continued to support oil prices following the latest…
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China’s industrial output rose 4.1% year-on-year in April, marking the slowest pace of growth in nearly three years, after a 5.7% increase in the previous month and falling well short of expectations for a 6.0% expansion. Retail sales, a…
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The UK economy expanded by 0.3% month-on-month in March, easing from February’s downwardly revised 0.4% growth but significantly outperforming expectations for a 0.1% contraction. Data also showed that Britain’s economy grew by 0.6% in…
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Gold remains under pressure for a second straight session, weighed down by a stronger dollar amid rising uncertainty in the Middle East and fading expectations for potential Federal Reserve rate cuts, after both US consumer and producer…
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USDJPY extended its rally into a third consecutive session, supported by growing geopolitical uncertainty after Middle East peace talks stalled, which reinforced demand for the dollar as a safe-haven asset. Additional support came from the…
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US inflation rose by 0.6% in April following a 0.9% increase in March, matching market expectations, while annual consumer prices accelerated to 3.8%, above forecasts of 3.7% and sharply higher than the 3.3% reading recorded in March,…
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