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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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