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Gold Price Inches Higher After Testing Key Support, But Recovery Remains Fragile Gold prices edged higher in early European trading after slipping to a fresh one-week low. The metal broke below strong support around the $3300 level—a key…
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WTI crude edged higher on Thursday, partially recovering from the previous day’s sharp 2.4% drop, following signals from OPEC suggesting additional output increases starting in June. However, the rebound remains limited, weighed down by…
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EUR/USD gained early Thursday, indicating renewed strength from the broader bullish trend after a two-day pullback from the recent four-year high at 1.1573 found solid support near the 1.1300 area. The near-term outlook remains strongly…
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WTI crude oil prices extended their sharp decline for a second consecutive day on Friday, plunging to their lowest levels since December 2021. The downturn was triggered by U.S. tariffs that rattled global markets and dampened investor…
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AUDUSD was sharply down during Asian / early European sessions on Friday, falling over 2%  so far and being the top loser of the day. The Ausie dollar remains under strong pressure from risk aversion that continue to weaken stocks and…
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The Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to 48.6 in March, up from 47.6 in the previous month, though slightly below the consensus forecast of 48.7. This latest increase brings the index closer to the 50 threshold…
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The Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.1% in today’s policy meeting, aligning with market expectations. The decision to hold rates follows a 0.25% cut in February—the first policy easing in over four…
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USD/JPY remains in a downward trajectory within a broader bearish channel, hitting a five-month low on Thursday as the dollar continues to face mounting pressure from trade war uncertainty and the Fed’s dovish stance. A fresh break below…
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Gold held steady on Wednesday, consolidating after a strong two-day rally that retraced approximately 76.4% of its decline from the record high of $2,956 to the correction low of $2,832. A broadly weaker dollar continues to support gold's…
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WTI Crude Extends Decline, Hits Three-Month Low WTI oil continued its sharp slide on Tuesday, extending losses from Monday’s lower top at $70.58 and reaching its weakest level in nearly three months. Several factors are weighing on oil…
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US Imposes Tariffs on Canada, Mexico, and China, Sparking Retaliatory Measures On March 4, 2025, the United States introduced sweeping tariffs on imports from Canada, Mexico, and China, signaling a significant shift in global trade…
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Eurozone inflation slowed to 2.4% in February from 2.5% in January, slightly missing expectations of 2.3%. Core inflation, which excludes volatile food and fuel prices, also eased to 2.6% from 2.7% the previous month. The decline in…
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Bitcoin's price eased early Monday after surging more than 10% over the weekend, driven by the latest comments from President Trump announcing that five digital assets will be included in the U.S. strategic reserves, with Bitcoin at the…
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WTI oil prices inched higher on Friday as bearish momentum took a pause following this week’s sharp decline. Fresh upside movement was driven by new U.S. sanctions on Iran’s crude exports, partially offsetting the downward pressure from…
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The USD/JPY pair remains firm in holiday-thinned trading on Thursday, approaching last Friday’s peak of 157.92, the highest level since mid-July. The pair is poised for its fourth consecutive weekly gain and a monthly advance of over 5% in…
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The pound continues to trend downward, driven by the so-called "Trump trades," as the dollar sees a significant rally fueled by post-election optimism. The sharp bearish move has now extended into its fifth consecutive day, hitting a new…
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EUR/USD fell to a new two-month low early Tuesday, weighed down by risk aversion following China’s latest stimulus measures and widespread expectations of a 25 basis point rate cut by the ECB on Thursday. After closing below key…
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The dollar index remains in a sideways trend for the third consecutive day, trading within a narrow range just above a new multi-month low. Short-term price action has slowed ahead of a key event—the Fed's interest rate decision—which is…
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Inflation in Britain remained steady at 2.2% year-on-year in August, in line with expectations, while monthly inflation rose by 0.3%, matching forecasts after a 0.2% decline in July. Core inflation, which excludes volatile components like…
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UR/USD slipped on Wednesday after failing multiple times to break the 1.1200 resistance, though the pair remains in a consolidation phase as long as it holds above key pivots at 1.1124/14 (trendline support and rising 10DMA) and 1.1100…
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The AUD/USD reached a new 8-month high during the Asian session on Wednesday, boosted by a stronger-than-expected Australian July CPI. However, it has struggled to maintain gains above the 0.6800 level. The subsequent pullback, though…
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Economic data released today indicated that Eurozone business activity growth stalled in July, as moderate expansion in the dominant services sector failed to counterbalance a deeper downturn in manufacturing. The Eurozone preliminary…
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EUR/USD extended its pullback from a multi-month high of 1.0948, breaching pivotal supports at 1.0840/33 (38.2% Fibo retracement of 1.0666/1.0948 / 20DMA), but is struggling to make a decisive break lower. Oversold conditions on the daily…
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AUD/USD remains in the red for the eighth consecutive day, hitting a six-week low early Wednesday. The Australian dollar is under increased pressure from a stronger US dollar, falling commodity prices, and concerns about China’s economic…
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Gold prices showing some resilience after the recent pullback is quite interesting. The Doji candle on Monday suggests that the corrective phase might be losing momentum, especially with support holding around the $2390 mark. The $2427…
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USDJPY fell 0.7% in Asia on Tuesday following comments from a Japanese official that added pressure on the central bank to implement more rate hikes to further strengthen the yen. These latest remarks have boosted the yen's sentiment,…
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EUR/USD edged higher during European trading on Monday, as bears paused after a two-day retreat from a multi-week high of 1.0948. The rising 10-day moving average (DMA) and the 23.6% Fibonacci retracement of the 1.0666 to 1.0948 move (at…
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WTI oil prices are consolidating narrowly early Monday, following a sharp decline on Friday (down 2.8% for the day) and a weekly loss of 4.3%—the biggest weekly drop since the last week of April. Oil closed below $80 on Friday for the…
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The dollar index extended its recovery for the second consecutive day, bouncing strongly from a new four-month low of 103.31 on Thursday. This surge was driven by fresh risk aversion following a global cyber outage that impacted financial…
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The cable remains in the red for the second consecutive day, extending its pullback from a new one-year high of 1.3044. Weaker-than-expected UK retail sales have increased pressure on the sterling and fueled speculation about a BoE rate cut…
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British retail sales dropped by 1.2% in June, following a 2.9% rise in May, missing the forecasted 0.6% decline. Annually, retail sales fell by 0.2% in the 12 months to June, after a 1.7% increase in May, and fell below the…
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British inflation held steady at 2.0% in June, missing forecasts for a slight decline to 1.9%. Persistent underlying price pressures dampened expectations for the Bank of England’s first rate cut since 2020 at next month's policy meeting.…
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Gold surged to a new record high of $2,482 early Wednesday, following a notable acceleration through the previous peak on Tuesday. The metal rose by 1.9% on Tuesday, marking its largest daily gain since December 13. The break above the…
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On Thursday, the British pound (Cable) reached a new four-month high in European trading, buoyed by better-than-expected UK GDP numbers for May. This dampened expectations of a rate cut by the Bank of England next month The renewed…
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In May, UK gross domestic product (GDP) rose by 0.4% month-on-month, surpassing April's 0.2% increase and exceeding expectations for a 0.2% rise. The Bank of England's projection of 0.5% growth for the second quarter now appears…
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EUR/USD fell to a one-week low on Friday, extending the sharp decline from Thursday, as the pair faced renewed pressure from downbeat PMI data. Reports released on Friday indicated a slowdown in the services industry in the Eurozone and…
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The USD/JPY pair is attempting to break above a near-term narrow range and sustain its gains after Tuesday's marginal close above the pivotal Fibonacci barrier at 157.01, which represents the 61.8% retracement of the 160.19 to 151.85…
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The British pound strengthened in early Wednesday trading after reaching a nine-week high of 1.2800 on Tuesday. However, it subsequently retreated due to an unexpectedly strong rise in US consumer confidence for May, which temporarily…
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Gold prices slipped below the $2,150 mark in Asian trading on Monday, as investors shied away from non-yielding assets ahead of the Federal Reserve meeting later in the week, which is expected to provide further insight into interest rate…
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Brent crude oil, a key benchmark, edged close to $86 per barrel on Monday, continuing its upward trend from last week. This increase comes as Ukraine intensifies its strikes on Russian energy infrastructure Futures for Brent crude oil…
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