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WTI crude edged higher in early Wednesday trading as bears took a breather following a steep two-day decline of roughly 16%. The sell-off found a temporary floor near the $64.00 area—aligned with the 61.8% Fibonacci retracement of the…
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Gold dropped to a two-week low on Tuesday, as the metal continued to show only a muted safe-haven response despite escalating tensions in the Middle East. The initial uptick following U.S. involvement on Israel's side in the Israel-Iran…
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Gold edged lower on Monday after opening the week with a sharp $20 gap higher, driven by escalating concerns that conflict in the Middle East could spiral out of control following a U.S. strike on Iran over the weekend. The initial rally…
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WTI crude oil retreated swiftly from a fresh six-month high of $77.88, reached after Monday’s gap-higher opening, indicating that traders remain relatively unconcerned about mounting risks of major supply disruptions. Despite the pullback,…
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UK retail sales plunged in May, recording the steepest monthly decline in 18 months, as consumer demand softened following a strong April driven by spending on food, summer clothing, and home improvement. Sales dropped by 2.7% on the…
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Gold slipped below key support at \$3374 on Friday (23.6% Fibonacci retracement of the \$3120–\$3452 rally and rising trendline from the \$3120 low), pressured by a more subdued tone from the Middle East. President Trump’s decision to…
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The Bank of England (BoE) held its benchmark interest rate at 4.25% during its June policy meeting, in line with market expectations. The central bank emphasized it is closely monitoring risks tied to a weakening labor market and rising…
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Gold edged lower on Thursday after testing key support levels at \$3374 and \$3365 (23.6% Fibonacci retracement of the \$3120–\$3452 rally, trendline support, and the 10-day moving average). Near-term sentiment softened in the wake of…
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The Federal Reserve held its benchmark interest rate steady on Wednesday, as widely anticipated. While officials reaffirmed expectations for rate cuts later this year, they signaled a slower pace due to elevated inflation risks and…
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The dollar index remained steady, trading in a narrow range after three consecutive days of gains, as investors awaited the Federal Reserve’s policy announcement. Safe-haven flows supported the greenback amid renewed tensions in the…
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