Ahmad Elbasioni 556 posts 0 comments

EURUSD pushed once again above the key resistance area at 1.1560/66 on Monday, encompassing the 100-day moving average and the top of the daily cloud, after Friday’s failed breakout attempt. However, the pair continues to encounter…
Read More...

The US dollar index is stabilizing after Friday’s nearly 0.5% decline, triggered by weaker-than-expected US nonfarm payrolls data that dampened expectations for further Federal Reserve rate hikes and weighed on the greenback. Market…
Read More...

US nonfarm payrolls unexpectedly declined by 23,000 jobs in July, sharply missing expectations for an 80,000 increase. The report was further weakened by a downward revision to June's figure, which was cut to 20,000 from an initially…
Read More...

The Dollar Index continues to trade in a narrow consolidation range above a seven-week low, maintaining a bearish bias after last week’s sharp 1.5% decline. Recent price action has been supported by a key confluence zone around…
Read More...

Brent crude remained confined to a tight consolidation range for a second consecutive session after Tuesday’s sharp selloff, which saw prices tumble more than 6%. Despite the pause in downside momentum, the market continues to trade…
Read More...

Gold surged more than 3% on Wednesday, reaching its highest level in nearly six weeks as renewed optimism surrounding potential US-Iran peace talks eased inflation concerns and weighed on the US dollar. The move marks the strongest…
Read More...

EUR/USD remains on a constructive footing, holding above the key 1.1500 psychological level and the previously broken upper boundary of its bullish channel for a fourth consecutive session. Although Monday’s pullback from the June 17…
Read More...

Brent crude opened the week under heavy pressure, gapping lower by nearly $7 per barrel on Monday as easing geopolitical tensions in the Middle East reduced concerns over potential supply disruptions. Market sentiment improved after…
Read More...

The U.S. dollar regained momentum in early Thursday trading, recovering part of the 0.6% decline recorded after the Federal Reserve's policy announcement, which had briefly pushed the greenback to its weakest level since July 20. As…
Read More...

Gold extended its decline for a third consecutive session on Wednesday, retesting the critical $4,000 support level as optimism over diplomatic efforts in the Middle East faded following renewed military strikes involving U.S. and Saudi…
Read More...